Being the Chief Executive Officer of a disruptive business venture sounds thrilling and exciting, more so when you are below 30 years of age. It is then not surprising to see young and dynamic individuals at the helm of businesses, raring to take the world by storm
In our first segment of EYPerspecTV, Mr. Vinod Rai, former Chairman of United Nations Panel of External Auditors and 11th Comptroller and Auditor General (CAG) of India shares his thoughts on various topics impacting today’s business environment. The first of the three part series of videos, Mr. Rai discusses his views on compliance and whistle-blowing with us.
India has been at the centre of conversations across the globe, and the new Government seems to have brought in a noticeable change in terms of regulatory dynamics. In the quest to truly redefine India’s appeal factor and make it an attractive investment destination, the Government has been treading a path of reform. The objective … More Confronting corruption – the changing dynamics
A billion dollar infrastructure project was allocated to a leading company by a multilateral bank. Post the development stage, it was observed that the road constructed was 30% narrower than pre-decided specifications. However, the contract was paid in full to the allotted contractor company. So, where did the money go? How did this happen?
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.
Globally, we are observing the International Fraud Awareness Week (November 16 – 22, 2014) and this makes it an opportune time to reflect on our attitude toward the subject – are you really doing enough to combat fraud risks? Take the 30 second test to unravel India Inc.’s Fraud Quotient (Click here) and here are some thoughts while you assess your … More #FraudWeek – formulating fundamentals
‘Recently, EY hosted a session in New Delhi on “Mechanisms for tackling corruption” where we had a thought provoking debate on the state of fraud, bribery and corruption in India. Mr. P.C. Sharma, former Director with the CBI and former member at the National Human Rights Commission led the session, engaging in a stimulating discussion … More Tackling corruption in India