In this FIBS Impact seminar you will hear
- What challenges do Finnish organizations face in an increasingly unstable global regulatory business environment?
- What is due care in fighting fraud and corruption in an organization?
- What are the global trends?
In a global perspective legislation in the field of fraud and corruption has developed considerably in many EU countries in the last two decades. Law enforcement has also received increased funding. This trend has in many cases been inspired by the US legislation dating back to the 1970’s. An important driving force has been the desire to enhance an environment for fair competition on global markets.
Despite or maybe as a result of their good position in perceived corruption league tables, substantially nothing has happened in the Nordic countries, save for Norway. Finnish businesses operating globally face, however, increasing pressure from foreign legislation, despite the relative vacuum they experience in Finland.
A significant difference in point of view between Finnish regulation and US and UK inspired regulation is that fraud and corruption in Finland mainly is defined as an isolated event whenever it occurs, but not as being a task for corporate governance and related processes in organizations. In many countries security market regulators set requirements on how processes should be designed. In Finland there are no guide lines in this respect.
Businesses can of course set higher standards than what national regulation requires. But is such self-regulation efficient?
Topics covered in this seminar include:
- Is corruption an issue? Highlights from the EY fraud and Corruption Surveys
- International benchmarks for governance frameworks from a fraud and corruption perspective
- Selected non-compliance phenomena faced by Finnish originations globally. Could they have been prevented?
08.30 Breakfast, registration and networking
09.00 Opening of the event
Highlights from the EY fraud and Corruption Surveys anf international benchmarks for governance frameworks
Markus Nylund, Associate Partner, EY Forensic & Integrity Services and Mikko Ruotsalainen, Senior Manager, EY Forensic & Integrity Services
10.00 Break and coffee
10.15 Seminar continues and discussion
11.30 Event ends
To whom the seminar is targeted
Leaders, managers and experts in business develpment and strategy, financial management, legal affairs, sales and marketing, procurement, and corporate responsibility
The event is included in FIBS’ membership fee
Miira Kokkonen, firstname.lastname@example.org, 044 367 3632