Big businesses and often senior managers are the lynchpins of bribery and corruption, according to a global study out today. A study by the Organisation for Economic Cooperation and Development (OECD) found that, rather than rogue staff doing what it takes to win contracts, chief executives and boards often know bribes are being paid. The OECDs Foreign Bribery Report said around 60 per cent of bribes are paid by big companies and that 41 per cent of cases, management level employees paid or authorised a bribe with a CEO was involved in 12 per cent of cases.
Posted on: Wed, 03 Dec 2014 00:28:21 +0000
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