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Employees concern about corruption and bribery

By Feng Jianmin | June 10, 2015, Wednesday | Online Edition

CHINESE employees are more concerned about corruption and bribery than the Asia-Pacific average as the government’s anti-corruption campaign sweeping across industries, Ernst & Young said in a survey today.

It found 80 percent of respondents on China’s mainland said corruption and bribery exist widely on the local market, compared with an average 60 percent for 14 Asia Pacific countries and regions.

Respondents from bio-sciences and energy industries are most worried about such violations, it said.

The 2015 EY’s APAC Fraud Survey covered a total of 1,508 respondents of which 250 are from China’s mainland.

A quarter of Chinese respondents come from private firms, 40 percent from state-owned enterprises, and the rest from listed companies.

The survey also found 73 percent of Chinese respondents, compared with APAC average of 63 percent, said they believe there is a commercial advantage in being an organization with a strong reputation for ethical behavior.

“The finding indicated that Chinese government’s anti-corruption campaign has indeed resonated with people and raised their perception of the problem,” said Emmanuel Vignal, China leader of EY Fraud Investigation & Dispute Services Practice. “It is encouraging to see that seven out of ten survey respondents in China regard a good reputation for ethical behavior as a commercial advantage particularly as the government is continuing to highlight the need for ethical governance.”

He added that a lot more needs to be done to ensure that on-the-ground execution of controls, policies, and procedures happens correctly and in a timely manner as Chinese regulation and enforcement is rapidly evolving.

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