The results of the fifth annual survey will be launched today at Dow
\nJones’ Global Compliance Symposium being held in Washington DC. This
\nyear’s survey interviewed compliance professionals from more than 350
\ncompanies worldwide.<\/p>\n
Of the companies represented, 71% stopped or delayed working with a
\nbusiness partner due to concerns about breaking anti corruption
\nregulations, an increase of nearly 20% from four years ago. More than
\n55% of respondents said they had stopped or delayed a push into
\nemerging markets for the same reason; up nearly 15% since 2009. Of the
\ncompanies surveyed, non-finance companies felt the greatest impact on
\ntheir business activities, to an increasing degree.<\/p>\n
“Dow Jones has been monitoring trends in the anti-corruption
\nmarketplace for the past five years, and the analysis our surveys
\nproduce provides a unique barometer on the changing face of the
\ncompliance industry,” said Rupert de Ruig, managing director of Risk &
\nCompliance, Dow Jones & Company. “This year we’ve found an
\nunprecedented awareness of anti-corruption regulation, and this is
\nreflected in the survey results, with business practices becoming
\ncleaner, more accountable and more process-driven.”<\/p>\n
Losing Business to Unethical Companies<\/p>\n
Nearly half the compliance professionals surveyed report losing
\nbusiness to unethical competitors in the last month; however for the
\nfirst year the trend is slightly downward. This is despite an
\nunprecedented awareness of corruption in business globally, and is
\nperhaps a positive sign that firms are carrying out more ethical
\nbusiness.<\/p>\n
As awareness of anti-corruption regulation increases, so too are the
\nbusiness benefits more keenly felt. An increasing number of respondents
\nbelieve regulation has created greater fairness (72%), and improved
\nbusiness-partner relationships due to scrutiny (56%), while the number
\nwho believe it saves them money (54%) and improves their operational
\nefficiency (42%) has gone down.<\/p>\n
A complete analysis of the Dow Jones State of Anti-Corruption The results of the fifth annual survey will be launched today at Dow Jones’ Global Compliance Symposium being held in Washington DC. This year’s survey interviewed compliance professionals from more than 350 companies worldwide. Of the companies represented, 71% stopped […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16046],"tags":[],"class_list":["post-34737","post","type-post","status-publish","format-standard","hentry","category-user-contributed-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34737"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34737\/revisions"}],"predecessor-version":[{"id":34739,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34737\/revisions\/34739"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nCompliance Survey can be found at
\nhttp:\/\/www.dowjones.com\/pressroom\/docs\/AC_Brochure_v2.pdf<\/a>. For an
\ninfographic highlighting key points from the survey, please visit:
\nhttp:\/\/www.dowjones.com\/pressroom\/docs\/DowJones-Anti-Corruption.jpg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"