Hidden dangers in global advance
13 September 2012
Corruption and bribery are increasingly important issues for purchasers, as recent events in the UK have shown. David Arminas asks how they should proceed
Amove onto the global stage for a purchaser is a great professional leap forward. But globalisation has its hidden dangers, such as increased exposure to corruption and bribery.
Purchasers will have to operate in cultures where gifts to oil the wheels of commerce are taken for granted. They must fully understand what is legal and what is not.
The danger...