EY: 1/5 say bribery is common practice
One in five Hungarian executives believes bribery is a widespread practice in their industry. This ratio is above the average for both the region and emerging markets, according to EY’s latest Global Fraud Survey.
The newly launched ISO 37001 Anti-Corruption Management System provides effective assistance to organizations in this area.
"Today, it is a requirement of both the public and business partners that an organization has a comprehensive compliance system," said Ferenc Biró, partner at EY Business Services at the official launch of the standard.
"In a growing number of industries, such as the energy industry and the health industry, players on the international market require their business partners to prove their responsibility. The newly introduced standard will help build and maintain such an anti-corruption system," he added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.