It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.
As Brexit beckons, and manufacturers are being encouraged to conquer new markets, Nick Peters suggests companies have much to learn from Rolls-Royce’s misadventure. Everybody’s at it. “In some markets, particularly the Far East, it’s not possible to do business at all without these types of payments,” was typical of the response I got when I…
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