Asian executives prepared to adopt corrupt practices

Asian company executives support stronger regulatory supervision, but until that happens, many are willing to behave badly, suggests an Ernst & Young survey.

Asian executives prepared to adopt corrupt practices

Asian companies’ attitudes towards fraud, bribery and corruption display schizophrenic tendencies. Although the vast majority support tighter controls and more regulatory supervision, many are quite happy to engage in activities that might send their senior officers to jail.

According to Ernst Young’s latest annual Global Fraud Survey, 82% of respondents in Asia are in favour of greater supervision, yet compared with their peers elsewhere in the world, those senior executives including 400 CFOs...

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