Regime change and foreign bribery. Unfortunately, they go together like sushi and soy sauce. “Regardless of how a regime might ‘change hands,’ the potential impact on a third party in terms of corruption is quite similar,” says Richard Bistrong in a LinkedIn blog post.
According to Bistrong, signs of weakness and susceptibility of foreign corruption include countries in which a majority of civil servants have been replaced postregime, suspended procurement processes and quick political change. “When these trends exist, every time a regime changes, the procurement and staffing process starts anew,” he says. And this leads to a climate ripe for bribery as companies rely on third-party intermediaries to do their business.
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