Corruption remains a major cost for honest companies
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30% businesses globally reported losing out on deals to corrupt competitors.
Control Risks, the global business risk consultancy, today publishes its annual survey of business attitudes to corruption, comprising interviews with 824 companies worldwide.
- Corruption is still a major cost to international business. 30% of respondents reported losing out on deals to corrupt competitors and 30% say they have decided not to conduct business in specific countries because of the perceived risk of corruption. 41% of respondents reported that the risk of corruption was the primary reason they pulled out of a deal on which they had already spent time and money.
- Corruption risks continue to deter investors. 30% say they have decided not to conduct business in specific countries because of the perceived risk of corruption.
- And corruption is killing deals. 41% of respondents reported that the risk of corruption was the primary reason they pulled out of a deal on which they had already spent tim...
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