South Africa, Jan. 27 -- It is becoming increasingly clear that, in 2025 and beyond, the best course of action for companies seeking to manage their liability will be to elevate their corporate cultures to highest standards of ethics globally.

There is ample evidence that prosecutors have struggled to hold companies criminally liable for bribery and corruption on their watch. Their conviction rates demonstrate this. For example, over the past 25 years of Australia's anti-bribery and corruption regime, a grand total of 17 individuals and three corporates have been convicted of bribery in a foreign territory. In the UK, prosecutors have tried and failed many times to prosecute individuals and corporations for underlying offences under the ...