Indian multinationals in the pharmaceutical sector need to operate a tighter compliance ship than before

The Indian pharmaceutical industry is currently undergoing many unprecedented changes. These range from emerging areas of science, new and improved drug variants and specialized services to evolving regulations and business models, making it one of the world’s most developed industries. Today, the sector ranks third in terms of volume and 13th in terms of value. … More Indian multinationals in the pharmaceutical sector need to operate a tighter compliance ship than before

Registrar and Transfer Agent Frauds – failure of governance over outsourced activities?

Steven*, a working professional, approached a Registrar and Transfer Agent (RTA), Philip*, for transmission of shares bought by his father who passed away six years ago. He was alarmed when informed by Philip that the shares held by his father were dematerialised (converted from physical shares into electronic format) and had been sold through the stock … More Registrar and Transfer Agent Frauds – failure of governance over outsourced activities?

The dark side of recruitment – a deceptive proposition

On account of a firm’s rather average financial performance, Alex*, a manager there was supposed to sensitize his team about the probability of increments for the year being lower than the expected ratio. Considering that the top performer from his team, Alan* would not take well to the proposition, Alex advised him, in confidence, that he … More The dark side of recruitment – a deceptive proposition

‘Fraud buster’ series – Divulging the golden code

Would you randomly hand out the key to your home? Or maybe the user ID to your personal laptop or bank account? The answer is a definitive no. Then why do individuals not pay heed to maintaining the confidentiality of access credentials at their workplace? It is a well-known fact in this digital era that … More ‘Fraud buster’ series – Divulging the golden code

‘Fraud buster’ series – Can job rotation help diminish fraud risks?

One of the key aspects discussed in the earlier blogpost, ‘Fraud buster’ series – Dealing with employee frauds, was that organizations can address employee frauds through job rotation and mandatory vacation policies, along with other internal controls. Taking a cue from that, it may be practical to consider the tenure of an individual in a certain … More ‘Fraud buster’ series – Can job rotation help diminish fraud risks?

‘Fraud buster’ series – Managing the complexities of employee frauds

Our last post on ‘Fraud buster series – Dealing with employee frauds’ covered some of the reasons for employees to be involved in fraudulent activities. In continuation with the same theme, the focus will now be on how companies are increasingly getting exposed to such fraud risks. If you think that an employee is a … More ‘Fraud buster’ series – Managing the complexities of employee frauds