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Survey: Companies losing business to corruption risk

Jaclyn Jaeger | May 16, 2017

More companies are choosing to cease business with certain partners, while others say they’ve lost business over the last year, because of corruption risk, finds a recent global anti-corruption survey.

The global anti-corruption survey, conducted by global advisory firm AlixPartners, explored what effect corruption risk has on the global business environment, as well as what effect anti-corruption laws and regulations have on compliance-related activities. The survey also assessed ways in which companies are preventing, identifying, and handling corruption risk. Respondents included corporate counsel, legal and compliance officers from more than 20 major industries in the United States, Europe, and Asia.

In the survey, 42 percent of more than 300 respondents said they ceased doing business with certain partners because of corruption risk, up from...

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