https://www.scmp.com/rss/304013/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Businesses in Hong Kong and across Asia are experiencing a new normal of market volatility. Business leaders face increased scrutiny of performance and shareholder returns, while governments and regulators are focused on combating fraud, bribery and corruption to protect fragile financial markets. Rules to rein in stock market volatility in Hong Kong will benefit small investors Ernst & Young surveys on fraud, bribery and corruption indicate that Hong Kong corporations are at particular risk.... https://www.scmp.com/comment/insight-opinion/article/2008452/lets-encourage-people-blow-whistle-rule-benders-hong-kong?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2008452/lets-encourage-people-blow-whistle-rule-benders-hong-kong?utm_source=rss_feed Thu, 25 Aug 2016 03:28:57 +0000 Despite the number of serious fraud incidents across Asia, companies are still falling short in mitigating avoidable risks when managing third-party relationships. EY’s latest survey Knowing your third party – Asia-Pacific Fraud Survey 2013 shows that many companies across Asia-Pacific are failing to adopt even the most basic controls, with 26 per cent of our respondents yet to put systems or processes in place to manage and monitor third-party relationships. For some companies this figure may... https://www.scmp.com/comment/insight-opinion/article/1436259/companies-need-enter-third-party-relationships-eyes-wide?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1436259/companies-need-enter-third-party-relationships-eyes-wide?utm_source=rss_feed Thu, 27 Feb 2014 05:47:28 +0000 A failure by most companies in Hong Kong to address all areas of the corporate fraud picture is leaving many exposed to what is potentially one of the most damaging types of fraud – institutional fraud. Institutional fraud, also known as management fraud or “cooking the books”, has the potential to significantly damage ongoing company performance and shareholder value, and has led to the collapse of several companies listed on the Hong Kong Stock Exchange in recent years. Yet despite the... https://www.scmp.com/comment/insight-opinion/article/1377388/biggest-risk-shareholder-value?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1377388/biggest-risk-shareholder-value?utm_source=rss_feed Fri, 13 Dec 2013 07:00:45 +0000 Hong Kong has a history of taking the right steps to investigate and prosecute cases of alleged corporate fraud, but there is still room for improvement in its approach to anti-fraud defences. Findings from Ernst & Young's 2012 Global Fraud Survey suggest that as businesses continue to face challenging economic environments, bribery, corruption and fraud are likely to remain widespread. As a major business hub, Hong Kong is not immune from these unethical practices and while the tools for... https://www.scmp.com/comment/insight-opinion/article/1231619/hong-kong-must-protect-corporate-whistle-blowers-check-fraud?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1231619/hong-kong-must-protect-corporate-whistle-blowers-check-fraud?utm_source=rss_feed Mon, 06 May 2013 16:00:00 +0000