Biz ethics: beyond compliance to competitive advantage

A RECENT Asia-Pacific survey on fraud by EY found that, over the past two years, more and more organisations have stepped up their efforts to prevent fraud and combat bribery and corruption.

That's the good news.

The not-so-good news is that the survey suggests that while Singapore companies have put in place structured frameworks and procedures for dealing with unethical conduct, bribery and corruption, these measures do not work that well in practice.