Supplier Companies Are More Vulnerable to Integrity Challenges, ECI Study Shows
Survey Finds Nearly Half of Supplier Firms' Employees Have Witnessed Misconduct
Businesses that rely on extensive webs of third-party suppliers and
contractors face a heightened risk of ethics and compliance breakdowns,
which can damage reputation and create legal and financial consequences,
the Ethics & Compliance Initiative (ECI) and FTI Consulting found
in a new survey of employees in 13 major global economies.
According to ECI's Global Business Ethics Survey® (GBES®), 42 percent of supplier firm employees said they had witnessed misconduct on the job, compared to 28 percent who observed wrongdoing at non-supplier companies. Of the supplier company employees surveyed, nearly one-third said they felt pressure to compromise standards, compared to 18 percent at non-supplier companies. Read full release.