- Posted September 30, 2013 by
Singapore City, Singapore
Give your story a titleAsian firms lag in fighting corruption, survey finds
The recent investigations of companies including GlaxoSmithKline and China National Petroleum Corp demonstrated the increased level of enforcement in China, Fordham said. "The disconnect is, we are seeing greater enforcement by governments, yet companies are lagging behind. This is going to put companies at risk in Asia-Pacific."
An E&Y survey earlier this year found 40 per cent of the respondents had anti-bribery policies in place at their companies, compared with a global average of 81 per cent last year.This year's survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.
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