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Companies see corporate governance, frauds as major issues in post-Covid world
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As per the report, most companies globally have also been preparing to tackle frauds and corporate governance issues.
As companies try to navigate through the uncertain times following the Covid pandemic, they are faced with integrity issues including frauds, according to a report by professional services firm EY.
As much as 63% of the respondents to its survey believed that businesses operating in emerging markets were more likely to be hurt by the current disruption. This is higher in India where close to 82% respondents echoed the sentiment, said the ‘EY Global Integrity Report emerging markets perspective’.
Covid-19 headwinds increase integrity challenges for emerging markets: EY
Thu, Feb 25 2021 01:10:10 PM
New Delhi, Feb 25 (IANS): As organisations transition from managing the Covid-19 crisis toward building economic resilience, many are struggling to maintain integrity standards, the EY Global Integrity Report revealed.
According to the report, 63 per cent of respondents believe businesses operating in emerging markets are more likely to be adversely impacted by the current disruption. This is higher in India where close to 82 per cent respondents echo the sentiment.
Regulatory scrutiny and remote working as a result of the pandemic are aggravating these issues. About 32 per cent of respondents in emerging markets believe that bribery and corrupt practices present the greatest risk to the long-term success of their businesses, compared with 25 per cent in India. 30 per cent of respondents believe that the risk of a cyber and ransomware attack is a significant threat, compared
Many organisations in emerging markets struggling to maintain integrity standards: Survey
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Last Updated: Feb 25, 2021, 05:13 PM IST
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According to the EY Global Integrity Report emerging markets perspective, is this the moment for emerging markets to prioritize integrity? , 63 per cent of respondents in emerging markets say it is difficult for organisations to maintain standards of integrity during difficult market conditions.
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The EY study found that emerging markets are embracing disruptive technologies and adapting to a digital life.
Many organisations in emerging markets are struggling to maintain integrity standards as they transition from managing the COVID-19 crisis toward building economic resilience, with 82 per cent of respondents in India feeling more likely to be adversely impacted by the current disruption, according to a study by consultancy firm EY.
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