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Perception vs reality of corporate corruption risk

Corruption risk - do the perceptions of UK business reflect reality? With the introduction of the UK Bribery Act, companies are trying to quantify and act on their exposure to corruption risk more than ever. But just how much of a difference is there between the perception that corruption risk is high and the reality of it occurring in a certain industry? The difference, as Grant Thornton illustrates, is surprising. Grant Thornton Source: Decision time - Anti-Corruption Survey 2010 (Grant Thornton UK LLP) PERCEPTION THAT CORRUPTION RISK IS HIGH EXPERIENCE OF CORRUPT PRACTICE IN INDUSTRY TECHNOLOGY, TELECOMS & MEDIA BUSINESS SUPPORT SERVICES FOOD AND TRAVEL FINANCIAL SERVICES 8% 9% 0% ... 13% 14% 14% 23% INDUSTRIALS ENERGY & EXTRACTIVE ТОTAL PROPERTY & CONSTRUCTION 40% 25% 14% 13% 10% 17% 30% 30% Corruption risk - do the perceptions of UK business reflect reality? With the introduction of the UK Bribery Act, companies are trying to quantify and act on their exposure to corruption risk more than ever. But just how much of a difference is there between the perception that corruption risk is high and the reality of it occurring in a certain industry? The difference, as Grant Thornton illustrates, is surprising. Grant Thornton Source: Decision time - Anti-Corruption Survey 2010 (Grant Thornton UK LLP) PERCEPTION THAT CORRUPTION RISK IS HIGH EXPERIENCE OF CORRUPT PRACTICE IN INDUSTRY TECHNOLOGY, TELECOMS & MEDIA BUSINESS SUPPORT SERVICES FOOD AND TRAVEL FINANCIAL SERVICES 8% 9% 0% ... 13% 14% 14% 23% INDUSTRIALS ENERGY & EXTRACTIVE ТОTAL PROPERTY & CONSTRUCTION 40% 25% 14% 13% 10% 17% 30% 30% Corruption risk - do the perceptions of UK business reflect reality? With the introduction of the UK Bribery Act, companies are trying to quantify and act on their exposure to corruption risk more than ever. But just how much of a difference is there between the perception that corruption risk is high and the reality of it occurring in a certain industry? The difference, as Grant Thornton illustrates, is surprising. Grant Thornton Source: Decision time - Anti-Corruption Survey 2010 (Grant Thornton UK LLP) PERCEPTION THAT CORRUPTION RISK IS HIGH EXPERIENCE OF CORRUPT PRACTICE IN INDUSTRY TECHNOLOGY, TELECOMS & MEDIA BUSINESS SUPPORT SERVICES FOOD AND TRAVEL FINANCIAL SERVICES 8% 9% 0% ... 13% 14% 14% 23% INDUSTRIALS ENERGY & EXTRACTIVE ТОTAL PROPERTY & CONSTRUCTION 40% 25% 14% 13% 10% 17% 30% 30% Corruption risk - do the perceptions of UK business reflect reality? With the introduction of the UK Bribery Act, companies are trying to quantify and act on their exposure to corruption risk more than ever. But just how much of a difference is there between the perception that corruption risk is high and the reality of it occurring in a certain industry? The difference, as Grant Thornton illustrates, is surprising. Grant Thornton Source: Decision time - Anti-Corruption Survey 2010 (Grant Thornton UK LLP) PERCEPTION THAT CORRUPTION RISK IS HIGH EXPERIENCE OF CORRUPT PRACTICE IN INDUSTRY TECHNOLOGY, TELECOMS & MEDIA BUSINESS SUPPORT SERVICES FOOD AND TRAVEL FINANCIAL SERVICES 8% 9% 0% ... 13% 14% 14% 23% INDUSTRIALS ENERGY & EXTRACTIVE ТОTAL PROPERTY & CONSTRUCTION 40% 25% 14% 13% 10% 17% 30% 30% Corruption risk - do the perceptions of UK business reflect reality? With the introduction of the UK Bribery Act, companies are trying to quantify and act on their exposure to corruption risk more than ever. But just how much of a difference is there between the perception that corruption risk is high and the reality of it occurring in a certain industry? The difference, as Grant Thornton illustrates, is surprising. Grant Thornton Source: Decision time - Anti-Corruption Survey 2010 (Grant Thornton UK LLP) PERCEPTION THAT CORRUPTION RISK IS HIGH EXPERIENCE OF CORRUPT PRACTICE IN INDUSTRY TECHNOLOGY, TELECOMS & MEDIA BUSINESS SUPPORT SERVICES FOOD AND TRAVEL FINANCIAL SERVICES 8% 9% 0% ... 13% 14% 14% 23% INDUSTRIALS ENERGY & EXTRACTIVE ТОTAL PROPERTY & CONSTRUCTION 40% 25% 14% 13% 10% 17% 30% 30%

Perception vs reality of corporate corruption risk

shared by rmmojado on Dec 28
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The problem is that many companies are not aware of their increased levels of liability or the new legal risks that threaten their business. The drive for growth is also increasing corporate corruptio...

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