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Africa’s largest law firm, ENSafrica, has just released the results of its 2015 anti-bribery and corruption survey. Among the most notable findings, reported instances of bribery and companies’ awareness of the need for anti-bribery compliance have both increased. But has increased awareness of the need for compliance translated into effective compliance management?
In short, no. Only a third of surveyed organisations believed they had proportionate procedures in place and felt they were well-prepared for a potential anti-bribery regulatory investigation.
Another interesting finding is that over two-thirds of organisations rate third-party business partners as the greatest bribery risk to their organisation, yet only 15% provide anti-bribery training to their business partners.
Read the complete findings here, visit the Portal to take a free e-learning course that includes a chapter on third party due diligence, or read guidance on how to create a compliance system that mitigates corruption risks.