Steering the power and utilities sector through fraud and corruption risks

India has witnessed tremendous growth in the power and utilities sector in recent years, with the Government launching various reforms and schemes to increase electrification reach and spread across the country. As per Central Electric Authority, India is one of the world’s largest producers and consumers of power, with over 1 trillion units generated and … More Steering the power and utilities sector through fraud and corruption risks

Expanding the arc of global corporate compliance

Today’s world of corporate compliance is characterized by an increasing number of enforcement actions related to bribery and corruption. Co-operation and information sharing between enforcement agencies on multi-jurisdictional cases is also increasing. Parallelly, nations such as Brazil, Canada, Mexico, France, India, Russia, Spain and Korea are either adopting anti-bribery laws or strengthening existing legislations. By … More Expanding the arc of global corporate compliance

Navigating through fraud and corruption risks in APAC

The past year has been burgeoning with growth and expansion opportunities for most countries across the globe, especially in the Asia Pacific region. Increased emphasis on cross border transactions, foreign direct investment and digital inclusion have been some of the contributing factors for the rapid economic and sustainable growth of this region. While countries in … More Navigating through fraud and corruption risks in APAC

APAC Fraud Survey 2017: Corporate India sees a tussle between growth and ethical conduct

Inconsistency and ambiguity in encouraging high ethical standards and insufficient understanding of compliance programs have increasingly led employees to justify unethical behaviour at the workplace states EY’s Asia-Pacific (APAC) Fraud Survey, Economic uncertainty or Unethical conduct: How should over-burdened compliance functions respond? The survey highlighted that ethical leadership has emerged worrisome in India and China … More APAC Fraud Survey 2017: Corporate India sees a tussle between growth and ethical conduct

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

Profitability or integrity? Why not both?

Growth and profitability have been at the crux of the corporate agenda and defined the way businesses function. Companies have nevertheless encountered challenges while trying to achieve these goals, which have inevitably required them to sometimes ‘work around the way of the land’. For instance, it is a common concern that in certain regions or … More Profitability or integrity? Why not both?

India catching up on international trends on compliance

India has seen a spurt of corporate scams and cases of corporate espionage. This has resulted in an urgent need for a strong corporate compliance function. Bribery and corruption continue to pose significant challenges in India. The 2014 Transparency International Corruption Perceptions and Bribe Payers Indices (2011) rank India 85th (out of 174) and 19th (out … More India catching up on international trends on compliance