The costs of corporate corruption to business and the state are high. In 2003, the office of the Comptroller of New York State issued a report stating that corporate corruption had cost the New York economy USD 2.9 billion and a cut in tax revenues of USD 1 billion. A Control Risk Group Report from 2006 shows that one in four UK companies lost business to corruption in the past 5 years. (See http://www.transparency.org/content/download/10177/85676/file/controlrisks2006_corruption_survey.pdf)
In this U4 Expert Answer we set out reasons why companies and individuals should be motivated to carry out their business with integrity. We also present findings from a recent study on corporate social responsibility that interrogates the issue of what really makes companies act ethically.
Fuente: Anti-corruption Resource Centre – U4