Thu, Sep 22, 2016

Kroll and Legal Week Benchmarker Report 2016

Staying Ahead of the Game

Using your company’s data to prevent bribery and corruption

Kroll partnered with Legal Week to survey 81 international senior legal and compliance professionals about how companies can manage bribery & corruption risk more effectively and efficiently in the digital age.

Key Findings

 

64% of respondents said that expanding into new jurisdictions presented increased bribery /corruption risk to their business

 Legal Week Benchmarker Report 2016 Chart 1
 Kroll Legal Week Benchmarker Report 2016 Chart 2

A third of respondents said their company had not implemented compulsory anti-corruption training to all employees in the last 12 months 

 64% of respondents said their company had conducted third party audits over the past 12 months

 Legal Week Benchmarker Report 2016 Chart 3
 Legal Week Benchmarker Report 2016 Chart 2

 44% of respondents said they analysed large data sets to identify anomalies and potential bribery & corruption risks

 

"Prevention and early detection are probably more cost effective than waiting for it to be too late - then you've got the cost of the investigation and the cost of reputation damage as well."

Matthew Weitz,
Senior Director, Investigations and Disputes, Kroll 

"There are specific questions we ask the management of the companies with which we are in talks to acquire, and specific things we look for."

Mark Ohringer,
General Counsel, JLL 

"We're so heavily regulated that it's no surprise to anyone that we need to be mindful of anti-bribery - every Roche affiliate has a different industry code that it applies to."

Funke Abimbola,
General Counsel and Company Secretary,Roche UK and Ireland 



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