Companies see corporate governance, frauds as major issues in post-Covid world

As companies try to navigate through the uncertain times following the Covid pandemic, they are faced with integrity issues including frauds, according to a report by professional services firm EY.

As much as 63% of the respondents to its survey believed that businesses operating in emerging markets were more likely to be hurt by the current disruption. This is higher in India where close to 82% respondents echoed the sentiment, said the ‘EY Global Integrity Report — emerging markets perspective’.

As per the report, most companies globally have also been preparing to tackle frauds and corporate governance issues.


In most cases, companies tend to react to a situation and are not proactive, say experts.

Arpinder Singh, partner and head – India and Emerging Markets, Forensic & Integrity Services, at EY India, said: “As organisations navigate the crisis and prepare for a ‘Great Reset’, corporate revival and recovery efforts should not get derailed by fraud, bribery and corruption risks. Business leaders should go beyond today’s travails to review their integrity agenda and determine the next steps to bolster their risk and compliance programmes. Leadership commitment to foster a culture of integrity and trust among stakeholders will be pivotal to derive long-term value and preserve an ethical future.”