Today, most businesses are operating in an increasingly difficult and competitive marketplace and, with the decline in growth of mature economies, management and boards of directors are increasingly pursuing opportunities in emerging, rapid-growth markets. The vast potential of India’s domestic market, driven by an emerging middle class, cost-competitiveness and a large talent pool, continues to make the country one of the most preferred destinations for investors and businesses.
However, a new and untested market can be fertile ground for fraud, and companies that operate across borders and outside their traditional markets are more vulnerable to corruption risks, just as their size, and separation of business units, departments and functions can magnify the difficulties in managing such risks. As a result, the regulatory and enforcement response to these corruption risks continues to be aggressive, supported by elasticized concepts of jurisdiction, and increased international cooperation, as well as the promulgation of new local anti-corruption statutes.
Join Pillsbury and Ernst & Young India for a discussion of the current legal and regulatory climate for these high-risk/high-reward markets. Topics will include:
Please send us your queries / questions beforehand at forensic@in.ey.com, the presenters will try to address them, during the session.
Pillsbury
Ernst & Young