Sectors - Written by on Tuesday, October 4, 2011 2:03 - 0 Comments

Nearly 95% of businesses would shop a competitor

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Earlier this year we ran a survey and asked the question:

Would you report a company to the Serious Fraud Office for bribing if your company lost business as a result of it?

30 people took the survey.  The answer, even from this small number surveyed, was emphatic.

28 out of 30 said that they would shop a competitor if they find out they used bribery.

This underscores an important enforcement risk for organisations.  The mortgage industry press recently reported an example where competitors attempted to use the Bribery Act against a competitor.  In that example there was no bribery and regulators dismissed the claims.  Next time may be different…

Congratulations to Stephen Byrom whose name was drawn from the hat and is the winner of our survey ipod shuffle…

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