Bribery and corruption – are organisations informed and prepared?

A recently released report outlining the findings of Deloitte’s 2012 Bribery and Corruption survey reveals that organisations in Australia and New Zealand may be ill-equipped to identify and manage corruption and bribery risk.

The survey was completed by 390 organisations from Australia and New Zealand, including publicly listed companies, Australian subsidiaries of foreign companies, public sector organisations and private companies.

Some key findings are:

 

 

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Surveys profitable for businesses: a case study

Surveys as risk management tools

Well designed organisational surveys are profitable for your business.  They operate as risk management tools, helping organisations to prevent problems before they occur.   They can help identify/prevent inapproriate hires, inappropriate promotions, poor organisational culture, unsafe practices, misconduct, poor leadership and burnout.

Alternatively, not identifying these issues and having  unengaged, unsuitable, underskilled, risk-taking employees can prove very costly in terms of an organisation’s bottom line and reputation.

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