Indian companies not fully aware of anti-corruption rules - survey
[Facilitator's note: Thank you to Alliance for Integrity for sharing this information.]
Companies in India are not fully aware of anti-corruption regulations and a lack of anti-graft programmes has a negative impact on cost of doing business in the country, a business survey said. Findings of The Business Case to Counter Corruption -- a joint survey by the Alliance for Integrity and industry body Confederation of Indian Industry -- were launched 9 December, International Anti-Corruption Day. Among the main findings: 84% of respondents say the lack of an anti-corruption programme impacts negatively on the cost of doing business. Sixty-nine percent think Indian companies are not sufficiently aware of anti-corruption regulation in India. The survey finds that reduction in corruption is a big challenge mainly due to lack of sanctions.
Read the story by the Press Trust of India, in Business Standard. http://www.business-standard.com/article/pti-stories/companies-not-fully-aware-of-anti-corruption-rules-survey-114120900811_1.html
Visit the Alliance for Integrity India website here: http://allianceforintegrity.org/india/
See also:
"59% consider bribery necessary to conduct business in India - EY survey" http://www.ey.com/IN/en/Newsroom/News-releases/EY-india-inc-s-sentiments-see-a-paradigm-shift-toward-compliance-ey
Companies in India are not fully aware of anti-corruption regulations and a lack of anti-graft programmes has a negative impact on cost of doing business in the country, a business survey said. Findings of The Business Case to Counter Corruption -- a joint survey by the Alliance for Integrity and industry body Confederation of Indian Industry -- were launched 9 December, International Anti-Corruption Day. Among the main findings: 84% of respondents say the lack of an anti-corruption programme impacts negatively on the cost of doing business. Sixty-nine percent think Indian companies are not sufficiently aware of anti-corruption regulation in India. The survey finds that reduction in corruption is a big challenge mainly due to lack of sanctions.
Read the story by the Press Trust of India, in Business Standard. http://www.business-standard.com/article/pti-stories/companies-not-fully-aware-of-anti-corruption-rules-survey-114120900811_1.html
Visit the Alliance for Integrity India website here: http://allianceforintegrity.org/india/
See also:
"59% consider bribery necessary to conduct business in India - EY survey" http://www.ey.com/IN/en/Newsroom/News-releases/EY-india-inc-s-sentiments-see-a-paradigm-shift-toward-compliance-ey