Indian firms ahead of peers in fraud detection. “Companies in India have bolstered their defences against bribery and corruption risk, and around 81% respondents believe that sufficient board-level attention and investment is given to bribery and corruption risk, well above the global average (72%), according to Global Fraud and Risk Report by Kroll, which provides services and digital products related to valuation, governance, risk and transparency.”
Three Reasons Anti-Corruption Programs Fail (Blog). “In my new book Controlling Corruption: The Social Contract Approach, I argue that this huge policy failure can be explained by three main factors. First, and most importantly, the principal-agent theory that has dominated anti-corruption efforts from the World Bank to development organizations represents a serious misspecification of the basic nature of the problem…[Secondly,] the corruption problem has been poorly conceptualized since what should count as the opposite of corruption has been excluded from the discussion…[Thirdly,] corruption has been located in the wrong social spaces. It is neither a cultural nor a legal problem.”
Bo Ruthstein/Tufts University: https://www.corruptionjusticeandlegitimacy.org/post/three-reasons-anti-corruption-programs-fail
China steps up anti-corruption drive as Evergrande crisis puts spotlight on financial risk. “China’s top anti-corruption official will launch a nationwide audit of major financial firms and regulators to eliminate risk in the sector, following debt crises at state-owned financial conglomerate Huarong and private property developer China Evergrande.”
Frank Tang/South China Morning Post: https://www.scmp.com/economy/global-economy/article/3150305/china-steps-anti-corruption-drive-evergrande-crisis-puts
No comments:
Post a Comment
Share your comments here:
Note: Only a member of this blog may post a comment.