Logistics groups at risk from Bribery Law
Half of the world’s biggest logistics companies are putting themselves and customers at risk
of prosecution under new UK bribery laws by failing to publish a complete draft of anti-corruption policies, according to data.
Research by GoodCorporation, a business ethics consultancy, has found that only two in
three big logistics groups have publicly outlined their approach to fighting bribery and half
have no statement on illegal “facilitation payments” used to speed deliveries through
customs.
“You have to do due diligence on partners, and logistics companies often don’t have the very basic documents,” says Michael Littlechild, a founder and director of GoodCorporation.
GoodCorporation’s research into how logistics companies were outlining their approach to combating bribery was reported in the Financial Times on August 5 2012.