(Credit: freshidea/AdobeStock) Carrots vs. Sticks: How Companies Are Using Corporate Compliance Strategies to Fight Corruption in Latin America
Corruption in Latin America remains widespread, despite government efforts to curtail it, but businesses operating in the region are rising to the challenge. Data from a recent survey reveals that corporations are increasingly responding to elevated corruption risks and low levels of trust in state institutions by adopting sophisticated compliance strategies that mitigate risks and protect legitimate business operations. (Part 2)
August 27, 2024 at 05:45 PM
5 minute read
This is the second of a two-part contributed article about fighting corruption in Latin America. The first part can be found here.
As discussed in the first part of this series, corruption in Latin America remains a key concern for businesses operating in the region, despite increased efforts to criminalize corrupt practices and punish corrupt actors. Miller & Chevalier's 2024 Latin America Corruption Survey, done in collaboration with 14 Latin American law firms, surveyed more than 1,000 professionals throughout Latin America and the United States, and builds on surveys from 2008, 2012, 2016 and 2020 to reveal the increasingly important role that corporate compliance has come to play in addressing corruption.
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