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Transcript of Corruption
costs of doing business are 10% higher
different corruption levels are equal to a 20% tax on foreign sdsdsd
7/ 10 executives believe there are places where business without corruption is impossible
43% of them believe they failed to win business because competitors paid a bribe Internal Policy Recommendations Develop stand-alone anti-corruption program
Conduct internal special anti-corruption audits
Promote internationally accepted accounting and auditing standards Effects of Compliance individual financial benefits
overall trust in business
economic financial benefits
Conclusion: Businesses in the private sector are in the unique position to fight corruption and increase international business relations and economic efficiency. External Policy Recommendations Conduct Due Diligence on third parties
Manage corruption risk in developing markets
Collaborate with authorities
Any questions? Applies to all multinational companies regardless the location of their headquarters. Source: Transparency International This will pay back financially and ethnically as well as increase further investments.