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
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
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With increasing fraud and corruption, striking the compliance chord is paramount in today’s business environment. This is prompting companies to educate all stakeholders about these rising threats and mitigate future risks.
The success of a business is typically backed by astute minds, with a brilliant strategy. Having said that, there is no silver bullet to ensure this success, especially when it comes to developing and implementing a sustainable growth plan. There are times when different departments may end up being in an involuntary competition with each … More Empowering your legal department
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 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