E&Y corruption

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.
Chris Fordham
Chris Fordham

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 are more prepared to spend money on bribes or even misstate their companies’ financial performance.

The survey, which was released this morning, was conducted between November 2011 and February 2012. More than...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222