One in seven employees at large British companies feel that using cash bribes or personal gifts is an acceptable way to win business in a tough economy, according to this story in today’s FT
based on new research.
The story says that the new Ernst & Young survey suggests that senior managers may be cutting ethical corners as they struggle to stabilise their businesses amid the economic downturn.
More than 60 per cent of UK respondents said they expected fraud to increase over the next few years - one of the highest percentages in Europe.
What’s your take on inducements? Do you think standards are falling as pressure goes on the bottom line?