They say accidents will happen in the best regulated families. Black sheep are there in the most corrupt-free organisations and they know how to escape the hawk's eye of the firm. Small wonder, bribery is still a big issue despite best measures put in place to stamp our the menace.
A survey of 500 board directors in 12 countries by Eversheds, the law firm, found that three in four British company directors have uncovered bribery or corruption in their organisations despite stringent steps taken to rid the practice.
The study found that almost two thirds of UK directors did not believe that their anti-bribery policies worked, even though they recognised that it was an important issue for the business.
Despite successful prosecutions in Britain under the Bribery Act and in the US under the Foreign Corrupt Practices Act, most company directors believe that their companies could be doing more.
Only a third of respondents said that they understood their anti-bribery policy, while only 11% believed that they had done enough anti-bribery training, according to a report in The Times.
Well, ideally, problems like these should not occur, but accidents will happen.
