The Australia Institute and the Jubilee Australia Research Centre have made a submission to the Senate Standing Committee on Economics inquiry into Australia’s foreign bribery laws and their implementation. Our submission is based on research conducted by the CAER – Corporate Analysis. Enhanced Responsibility, an independent environmental, social and governance research house.
An increasing number of ASX100 companies have operations in countries with a high risk of exposure to bribery – 59 in 2015 up from 38 in 2006. This has contributed to increasing numbers of companies that have governance arrangements that expressly prohibit bribery.