World: Fighting bribery and corruption not on the agenda for 40% of CEOs
Fighting bribery and corruption does not feature as one of the main priorities for over half of multinational companies, a new study by international law firm Hogan Lovells has found.
According to research, 59% of the 604 chief compliance officers (CCOs) surveyed admitted their businesses adopted a culture of ‘profits over prevention’, with 44% of respondents indicating that addressing bribery and corruption was not on the board agenda.
Some 40% of compliance teams revealed anti-bribery and corruption is not one of their chief executives’ top priorities, while and 39% of CEOs did not openly support anti-bribery and corruption measures within their business.
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