Confronting corruption

PricewaterhouseCoopers' Confronting Corruption* report examines what companies are currently doing to manage the risk of corruption and the steps they can consider to better protect themselves in the future. The increased focus on the private sector's role in fighting corruption led PricewaterhouseCoopers to commission The Economist Intelligence Unit to conduct a global survey and interviews with senior executives and anti-corruption experts. 390 senior executives participated in the survey. Survey findings were supplemented with in-depth interviews with 36 senior executives and experts in anti-corruption efforts from 14 countries. Overall, the survey indicates that business is more keenly aware than ever of the dangers of corruption. Yet, companies still need to expand the scope and rigor of their efforts to manage corruption risks with well-designed controls that are clearly communicated and enforced.