Transcription of Managing bribery and corruption risks - EY
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Managing bribery and corruption risks - EY
Managing bribery and corruption risks The real estate, construction and infrastructure industry Second edition Contents 4 Introduction 6 corruption pressure points 7 Are companies doing enough to mitigate risk? 8 What more should companies be doing? 13 How EY can help? 14 EY service to its clients 15 Contacts Every dollar spent on bribes is a dollar not spent on innovation.. Brackett Denniston Senior Counsel, Goodwin Procter Managing bribery and corruption risks | 1. Introduction This is the second edition of EY Managing bribery and corruption risks in the Since the last edition, the regulatory environment has become more construction and infrastructure industry. Originally published in 2012, it has complex. Enforcement is on the rise, with new legislation in many countries. been extended to include the real estate sector. The foreign bribery laws of the US and the UK are extraterritorial in their application. For multinational companies working on projects with multiple Since 2012, as the effects of the 2008 financial crisis have receded, the partners in different jurisdictions, creating a cohesive culture of compliance industry has grown.
4 | Managing bribery and corruption risks Corruption pressure points “We will work on cross-border cooperation and information sharing …
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