While Australian and New Zealand organisations recognise the reputational, financial and cultural risks of incidents of bribery and corruption, their response to managing those risks are “slow, compared to others worldwide,” according to Deloitte.
Deloitte recently released the Deloitte Bribery and Corruption Survey 2017, a follow up on their 2015 survey. According to the survey, most respondents say reputation is the biggest risk for organisations whether domestic (65%) or international (70%). Conflict of interest was the most common type of domestic corruption at 21%, up almost 10% from Deloitte’s 2015 survey, followed by inappropriate gifts and hospitality (13%)
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