Countries are put at risk when state officials are vulnerable to corrupt overtures by investing companies. Decisions can no longer be trusted to reflect the nation's best interests, leading both to poor purchasing results and ultimately the undermining of the political process itself. Such is the consequence that countries face where bribery is rampant. The danger is mirrored by the commercial threat to companies who have policies that prohibit officials from giving or receiving bribes. They are put at a commercial disadvantage to companies which do not have such a ban. This is the context for the tightening up of anti-corruption procedures required by the new UK Bribery Act, and other pieces of legislation against corruption around the world.
Nick Kochan has written widely on the new legislation, on the financial mechanisms used by corrupt companies and governments, and the threats they pose to many of the world's poorest countries.