Danske virksomheder og korruptionsrisici

Anders Stengel Petersen & Kirsten Agger

Student thesis: Master thesis


The purpose of this thesis is to analyse and conclude on some of the major challenges facing Danish companies in addressing corruption and bribery, what are the risks they are facing, and how can they be addressed. The thesis comprises an introduction, analysis and conclusion. The introduction sets out the theoretical background fundamental to understanding the analysis. A group of three interviews has been used basis of this along with various publications and articles. The research part consists of two analyses. The first analysis is intended to give an understanding of where the Danish market stands in terms of corruption and bribery risk and actions companies are taking to respond. From the perspective of advisors that participate in assignments with Danish companies. The Second analysis is based on a corruption risk model built on publicly available information relating to companies on the Danish stock exchange. The key results of the analysis are that most Danish companies do not make their compliance ambition in respect corruption and bribery clear. The combination of geographical, transaction and industry risks results in larger companies such as Mærsk, FL Smidth, Chr. Hansen Holding, Coloplast and Novo Nordisk face the biggest risk exposure. Companies whom in the Danish media is reflected to have a high etical standards demonstrates strong compliance environments including Coloplast, Danske Bank, Vestas, Novo Nordisk and Novozymes. In conclusion Danish companies need to improve alignment of controls to reflect the risk of corruption and bribery in their business and the overall compliance ambition. Based on this assessment, plan for appropriate initiatives to mitigate the risks to an acceptable level. For most companies it is worth taking the UKBA adequate procedures into account when designing mitigating activities. To support a level playing field, companies should take action such as being selective in identifying business partners, implement whistle blowers and encourage a “no” to bribery through a strong tone at the top.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2013
Number of pages165