When it comes to compliance, there’s often a tendency to look inward. Is the company making sure its own employees are following all applicable regulations and avoiding corrupt behavior? Hopefully the answer is “yes.” But even so, that doesn’t mean that in-house counsel and the companies they represent are out of the woods.
A new survey of corporate risk and compliance decision makers conducted by professional services firm KPMG International along with Singapore Management University shows that third parties are the top challenge for companies trying to avoid bribery and corruption. And it looks as though many companies are not taking all the precautions they could in order to minimize this type of risk.
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