#5 Developing in Emerging Economies

Stories of internal corruption continue to make headlines, avoiding fraud, unethical practices and maintaining compliance with the Foreign Corrupt Practices Act and other anti-bribery laws could create another area of vulnerability that CIOs must manage. A study from Ernst and Young, the 12th Global Fraud Survey, indicated that corruption remains rampant, with 39 percent of respondents worldwide claiming that bribery and corruption still remain top concern in their countries.

“Corporate boards and finance chiefs will have to develop policies and training programs that teach employees and business partners how to avoid violating these laws and how to report instances of corruption they may come across” reports Proformative