The Institute of Directors (IoD) believes the Bribery Act discourages SMEs from exporting, following a new report revealing the disparity between small firms and large companies shipping goods abroad.
In a survey of 38,000 IoD members, 63% of large companies are exporting compared to 55% of SMEs. Alexander Ehmann, head of regulatory policy at the IoD, believes poor drafting of the Bribery Act, which came into effect in July 2011, has discouraged exporters. “There is a perception that UK business could be blamed for…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
