This is probably the first report in India which analyses with quantitative data of over 15 years for fraud and corruption committed by management and owners of private sector companies. The data is analysed over 25 parameters to diagnose the learnings and do a root cause analysis based on data of indicted cases.
The report is done by Thought Arbitrage Research Institute in partnership with UN Global Compact India and supported by Indian Institute of Corporate Affairs of the Ministry of Corporate Affairs.
This report was released to the press on 24 June 2013 and was presented in St Petersburg in Russia at the B-20 meeting on 20 June by UN Global Compact, US.
Our report has also been referred to in the book titled “Corporate Reputation Decoded: Building Managing and Strategising for Corporate Excellence” by Asha Kaul and Avani Desai.
It is clear that good corporate governance makes good sense. The name of the game for a company in the 21st Century will be conform while it performs.
Mervyn King (Chairman: King Report)