Document summary
In an increasingly global economy, multinational companies often operate in countries which vary in the extent of corruption, cultural attitudes towards corruption, and the legal environments to address it. However, with legislation against corruption tightening, both internationally and in many individual countries, companies’ handling of potential corruption risks is increasingly under scrutiny. When companies are charged with corruption it can have significant implications for their financial and investment performance. This report provides an overview of current trends in corruption and moves to counter it, and seeks to assess the impacts of corruption on three levels: financial impacts on individual companies, wider economic impacts, and wider non-economic impacts.