Tag Archives | Walmart

Bribery is bad for business

6 September 2012 in Africa and Middle East, Americas, Asia Pacific, Europe and Central Asia, Private sector

We ask businesspeople where they lose out to competitors’ corruption. One of the biggest corruption stories in the world this year was the allegation that Walmart paid bribes totalling US$24 million in its Mexican operations. It makes you wonder how many other companies lost out because of those bribes. A new survey gives us some […]

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Better anti-corruption reporting but is it credible?

31 August 2012 in Access to information, Accountability, Private sector

Scandals such as the revelations of banks misleading regulators on LIBOR are further eroding people’s trust in companies. Two in three Europeans, for example, believe that corruption is part of their country’s business culture. One of steps for companies to restore trust is by publicly reporting on their anti-bribery measures. Once a company has done […]

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