The Sapin 2 law, published last year, significantly increases obligations for companies with more than 500 employees to prevent and report corruption

While it is a leader on sustainability, France has been a relative laggard on corruption, placed 23rd in the 2016 Transparency International Index. Some European neighbours get top 10 ratings. A 2017 poll suggested 75% of French people view politicians as generally corrupt to some degree.

There’s a belief in France that powerful individuals and companies can "get away with it".  Corruption was a big issue in the presidential election, and thousands demonstrated in Paris and other French cities in February against candidates Francois Fillon and Marine Le Pen, both accused of misusing public funds.

Although fighting sleaze was a key Macron pledge, it won’t be easy. Corruption has dogged French public life, from presidents down. Even a minister responsible for tax fraud had undeclared Swiss accounts.

Two 2017 presidential candidates were accused of misusing funds. In June, then justice minister, Francois Bayrou published a "moralisation" bill to eliminate conflicts of interest.  It stops MPs and others employing family and tightens up onexpenses.

Embarrassingly, Bayrou was one of several ministers caught by it and was forced to resign.  As for corporate corruption, even in 2014 the OECD found no French company convicted in France for foreign bribery. Several had been convicted overseas, including...

This content is premium content, and only accessible to subscribers. Please log in to view the content - or subscribe here.

Subscribe to read: France briefing: Taking a broom to corruption



Already a subscriber? Login using the fields below.

To get access to this content, become an Ethical Corporation subscriber today.

Subscribe and join the likes of:

Subscribe here
Close popup
transparency international  Panama papers  OECD  Institute of Business Ethics  BNP Paribas  Sapin 2  Société Générale 

comments powered by Disqus