Survey on anti-bribery and corruption by deloitte

According to a survey by Deloitte Forensic around 55 per cent of the people said that they were not sure if their organisation had specific policies on anti-bribery and what it said, 61 per cent said their companies did not discuss such issues that are related to bribery and corruption. Also 65 per cent said they did not receive emails from their senior management pertaining to this issue.

This is clearly indicative that India’s corporate world’s attempt at making its employees aware on anti-bribery and corruption matters is not faring well.

The survey also highlighted the importance of a corporation’s perceived image by stating that 88 per cent of the people said they would be comfortable working in an organisation that was perceived to be involved in corrupt practices.

Practising ethical behaviour should be included in an employee’s performance evaluation according to 81 per cent of those who took the survey as it would help in sending out the message of anti-bribery and corruption.

Companies are now required to place internal compliance guidelines in light of the stricter corporate governance code mandated under the new Companies Law. In addition they also have to manage the risk of bribery and corruption while considering legislative exposures especially Foreign Corrupt Practices Act, 1977 of the US and the UK Bribery Act, 2010. According to senior director of Deloitte Forensic (India), Sumit Makhija, the fact that organisations have not been successful in communicating the anti-bribery and corruption policies with their employees will affect the companies’ objectives of a zero-tolerance culture in the long run.

Source: http://www.business-standard.com/article/companies/anti-bribery-initiatives-mile-to-go-for-india-inc-shows-survey-114120800865_1.html