Any brand that has gone through the peril of having counterfeit products circulated understands that addressing this issue is no mean feat. With the company’s reputation at stake, the task to identify and address this spurious supply can be exhaustive, time-consuming and complex. Counterfeiting can be considered a nightmare for any company, as it has … More On World Anti-Counterfeiting Day 2016 – counterattack counterfeiting
The auto industry relies heavily upon its dealership community to amplify reach within the market. More often than not, it is the car dealer who is the face of the brand for the customer. These dealerships comprise third parties which operate as ‘middlemen’ and cater to the retail consumer base, based on a dealership contract … More Transformers: the need for the auto industry to administer effective scheme policing
A brand is much more than an organisation. It is a perception that has thrived on ethics and earned the trust of the public. Building a successful and reputed brand requires much more than monetary investment. Companies have taken years to build brands and garnered the trust of customers through their untiring effort. Trust is … More Companies face battle on multiple fronts in defending brand value
Consider this case, the CEO of a well-known consumer products company was delighted looking at its yearly sales numbers. The month-on-month progression showed an uptick and everyone anticipated better than average financial results. However, this happiness proved short lived. A periodic internal audit and physical verification ensued, which stated shortages in one of its key … More Weighing a fraud
In 2004, James Surowiecki released his book “The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations” which highlighted the importance of collective decision making and how decisions taken by a group are often better than any single member.
Of late, the corporate sector is abuzz with the need for an effective compliance and ethics programs due to the rise in the number of frauds and consequent regulatory actions. Numerous policies around anti-corruption, whistleblowing and ethics code attempt to ensure compliance with the changing legal environment. But is mere drafting of policies good enough … More Tone at the Top: The foundation of an effective compliance program
The Foreign Corrupt Practices Act, popularly known as FCPA, has become a synonym for anti-bribery and anti-corruption regulation in today’s world. To understand any legislation, it is important to understand the history and reason behind the statute. What exactly is FCPA? What is the history of this landmark statute enacted by the government of United … More Unravelling the legacy of FCPA – then and now!