A survey in Asia by Transparency International found that just over one in four people had paid a bribe to access public services during the prior year.
Entries in Asia (8)
A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal.” The ongoing challenge for Beijing is to transition from a largely investment-propelled, export-oriented economy to one increasingly driven by consumption.
A new survey of general counsels and compliance officers found that 30% of companies in North America, Europe, and Asia stopped doing business with a partner because of corruption risks.
To the Department of Justice and the Securities and Exchange Commission:
The open-letter draft published on October 23, 2013 generated extraordinary interest among compliance professionals and other readers in the United States and in Latin America, India and China -- countries directly affected by the Wal-Mart investigation. Many sent in their observations and support for the letter.
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
The GSK China bribery investigators are probably going to name several other significant foreign companies in the coming days and weeks. The State Administration for Industry & Commerce (SAIC) has already announced that investigations into several other pharmaceutical companies have begun. And authorities have visited three multinational drug companies.