Corruption prevention in the engineering & construction industry

Corruption in the global economy is a fact. No company is immune to risk, even if it operates in what appear to be relatively safe countries.

Engineering and construction (E&C) companies face a disproportionately higher risk of being involved in corruption and significant fines are increasingly being levied by regulators around the world. Management therefore need to ensure that this risk is both recognized and addressed.

This discussion paper outlines corruption issues, why it is currently a hot topic within the engineering and construction industry, suggests a number of questions companies ought to be asking those who have the responsibility of dealing with risk and regulation within their organizations, and finally offers ways in which PwC can assist.

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