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Anti-Corruption Research Says Only 27% of Enterprises Monitor Business Partners Quarterly or More OftenPALO ALTO, Calif., April 26, 2016 /PRNewswire/ -- The 2016 Anti-Corruption Survey Report from Dow Jones Risk and Compliance, in association with MetricStream Research, provides an exclusive look at the anti-corruption monitoring and management efforts of 330 companies across North America, Western Europe, Asia Pacific, and other countries. The report, based on an online survey conducted in March 2016, features the insights of compliance professionals on a range of anti-corruption aspects, including the current usage of anti-corruption programs, due diligence processes, anti-corruption capabilities and their effect on business decisions, the extent of business losses to less ethical competitors, and the impact of anti-corruption legislation and rules. "Across the world, anti-corruption enforcement is reaching unprecedented levels, driven by regulations such as the FCPA, FATCA, and most recently the UK Bribery Act," said Joel Lange, Managing Director of Dow Jones Risk and Compliance. He continued, "We're seeing large-scale anti-corruption investigations and record fines targeted not only at companies, but also at individual executives. In this heighted regulatory climate, a company's success, reputation, and very survival are largely dependent on the effectiveness of their anti-corruption programs." Key findings from the 2016 Anti-Corruption Survey Report include:
"The Dow Jones and MetricStream Research report reveals that while more companies are getting serious about anti-corruption monitoring, many continue to rely on manual tools, spreadsheets, and siloed applications that often don't provide the required level of efficiency and risk visibility," said French Caldwell, Chief Evangelist, MetricStream. He continued, "Today, risks and regulations – including those related to anti-corruption -- are more complex and intertwined than ever before. Therefore, companies that manage their anti-corruption risks and compliance requirements in an integrated and automated manner, as part of their larger enterprise risk management and GRC framework, are better positioned to preserve their integrity, protect their brands and reputations, and perform exceptionally." To read the full 2016 Anti-Corruption Survey Report, please click here. To watch the MetricStream GRC Summit 2016 livestream, please click here. To find out more about Dow Jones Risk and Compliance, please click here. About MetricStream MetricStream is the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com). Media Contact: Molly Palm: Email | (925) 451-1468 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/anti-corruption-research-says-only-27-of-enterprises-monitor-business-partners-quarterly-or-more-often-300257203.html SOURCE MetricStream |