Foreign bribery and the enforcement of laws against it remain acute concerns for companies but could this increased attention be resulting in more ethical behavior?
A slide from the Dow Jones Risk & Compliance annual anti-corruption survey released last week showed a marked drop in the number of companies reporting they lost business to an unethical competitor–see below.
via Is Ethics Winning in Business? Chart Points to That Trend – Risk & Compliance – WSJ.
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Regulation based conduct always depend on the success of implementation of regulation. What is necessary is constant build up of ethical behaviour of the governed and governing organs.
However, regulations ever aim at improvement and are welcome. True, to certain extent regulations attempt to regulate the behaviour and improve the ethical aspects of the concerned. Practice makes one perfect and effectively implemented regulations help improved compliance which means more ethical behaviour.