69% of managers justify bribery and corruption … – Yahoo Finance Spain

56% said that their companies “make-up” their accounts

MADRID, 14 (EUROPA PRESS)

bribery and corruption has been justified by 69% of Spanish managers and practice to generate new benefits quickly. This follows the report on fraud and corruption in 38 countries prepared by EY.

The data in Spain exceed the average for Western Europe, where the percentage is 35% and above also of countries emerging (61%) markets. In addition, this perception has increased by 4% over that recorded in Spain in 2013.

So, Spain is the second country in the European Union (EU), together with Greece, in terms of the generalization of corruption. First Portugal is located, with 82% and, at the other extreme, Denmark, with 4%.

The use of bribes as a resource for businesses has been justified by 46% respondents in Spain, if this contributes to the survival of the business. In this line, we prefer personal gifts (34%), followed by entertainment related gifts (31%) and cash payments (16%).

So, one 57% of managers are under pressure to find new sources of revenue, the context in which high-risk markets, where there is a greater likelihood that such practices occur, have gained prominence.

There are also other “justifiable” errors that companies are turning frequently, as 56% of respondents in Spain have acknowledged that their companies often “makeup” financial information. In Western Europe, this percentage is 33%.

In this context, the most common practice, approved by 36%, is to negotiate discounts with suppliers or delay paying bills, which It has been defended by 14% of respondents. Thus, 15% of Spaniards said that these practices have taken place in recent months in their companies.

HIGH sense of impunity.

The results of the survey point to shows that the regulatory activity and ethical codes have evolved, and that 26% believe that these standards have improved in the past two years. Also, 21% of respondents said that this increase in the regulatory framework has had a positive impact on your work environment.

However, 69% believe that the authorities should do more to recover damages resulting from fraud and corruption. Thus, 58% say it is necessary to locate and freeze the assets.

In this regard, it is noteworthy that the sense of impunity continues at very high levels, as highlighted by the responsible EY, Ricardo Noren, despite the emergence of new measures such as the Penal Code, which will become effective on July 1, by which liability may be imposed on legal persons.

The challenge is to achieve a faster court proceedings and a performance that allows for the recovery of money, said Noren.

FRAUD TOOLS.

The perception regarding the level of commitment of the top management ethical standards is low and is below the EU average.

65% of respondents believe that the most effective measure is the criminal prosecution of executives for failing to act diligently . In addition, 63% is in favor of fines applied to companies, compared to 46% who opts for fines fall on managers.

Among other tools to prevent fraud, there are codes of conduct and a channel for complaints. However, 46% said that their company has these documents, compared with 59% of European countries. In addition, less than half of respondents know what the penalized arising from your failure would

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