To appreciate just how much becoming embroiled in a foreign bribery scandal can impact companies within the property and construction sector in Australia, one only needs to look at the debacle which engulfed building giant Leighton Holdings (now CIMIC) with regard to its Iraq bribery scandal a few years back.

Having disclosed the discovery of potentially corrupt activity early in 2012, the company found itself the subject of persistent front page attention in late 2013 over what Fairfax Media alleged was poor corporate governance and a culture of rewarding incompetence and corruption. This is said to have led to the…