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Within corporate Malaysia, it is not uncommon for local businesses to treat high-ranking executives with fancy dinners and expensive corporate gifts. But where do you draw the line - before it turns to something more sinister and becomes a bribe? PriceWaterhouseCooper's (PwC) latest Global Economic Crime Survey highlighted an increase in bribery & corruption cases locally from 19% in 2014 to 30% in 2016.
Alex Tan, Senior Executive Director of PwC discusses the key points of the report and also highlights the main control deficiencies that it found among Malaysian businesses, including the need for a robust whistle-blowing policy.
This is a report by Lee Sheung Un and Nadiah Aziz.
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When Does a Gift Become a Bribe?
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08:35, 10 Aug 2016
Within corporate Malaysia, it is not uncommon for local businesses to treat high-ranking executives with fancy dinners and expensive corporate gifts. But where do you draw the line - before it turns to something more sinister and becomes a bribe? PriceWaterhouseCooper's (PwC) latest Global Economic Crime Survey highlighted an increase in bribery & corruption cases locally from 19% in 2014 to 30% in 2016.
Alex Tan, Senior Executive Director of PwC discusses the key points of the report and also highlights the main control deficiencies that it found among Malaysian businesses, including the need for a robust whistle-blowing policy.
This is a report by Lee Sheung Un and Nadiah Aziz.
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