18 September 2013
Concerns over bribery risk
In-house lawyers have expressed concern about the risk of bribery and corruption investigations. In a recent survey for Control Risk by the Economist Intelligence Unit among more than 300 senior in-house lawyers, 44% thought an anti-corruption investigation into their company was possible or likely in the next two years, yet only half the companies had due diligence procedures in place to check the background and reputation of business associates in local and foreign markets, or had policies banning “facilitation payments” to suppliers and government agencies. Nearly two-thirds said data protection laws are straining their internal resources.
