Forty-seven percent of global corporations take no steps to train their third parties and business partners on anti-bribery and corruption efforts, according to a new survey from Compliance Week and Kroll, despite piles of evidence that third parties are one of Corporate America’s biggest bribery risks today.
That eye-popping statistic was only one among several that suggest worrisome gaps still remain in anti-corruption compliance programs, particularly among smaller companies or those based outside the United States. The survey, the 2013 Anti-Bribery and Corruption Benchmarking Report, polled 260 ethics, compliance, and audit executives at a wide range of corporations on the corruption risks they face, the due diligence they perform, how they treat third parties, and how effective they believe their anti-corruption programs really are.
