Corruption is one of the biggest risks faced by A.P. Moeller-Maersk as a global company, as corruption is a widespread challenge in many of the countries in which Maersk operates, says CEO Nils Smedegaard Andersen in an article in the latest edition of the corporate newsletter Maersk Post, under the headline "The true cost of corruption."
And according to Nils Smedegaard Andersen, the consequences can be devastating. In addition to the fact that corruption destroys the trust needed in order to create stable economic growth, it also increases the costs of running a business, just as corruption increases the risks in terms of legality as well as the reputation of the companies.
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