Corruption in India has become a major problem and may discourage investors, therefore derailing and destabilizing the country’s economic growth. Corruption was a central issue in the recent elections with the outgoing Congress party being marred by persistent corruption scandals and a sharp economic slowdown that accompanied them.
The Anti-Corruption Compliance in India Summit 2014 will offer recent and up to date information by drawing upon the support of institutions who lead against the fight corruption. These include governmental organizations such the Anti Corruption Bureau and the Central Bureau of Investigation as well as private bodies such as Transparency International India and the legal and business community. Over the course of the summit, much attention will be paid to encouraging collective action between stakeholders on all levels, optimizing compliance programs to facilitate cost control and achieving higher business value and methods of protecting one’s business in India by mitigating exposure to corruption.
With at least three members of the Indian Parliament in prison following the 2010 ‘Telecom Scandal’, the Indian people and business community are both becoming increasingly disillusioned and frustrated with the current situation. There is a general consensus for change and with a new government, there is a renewed hope. However, in order for there to be any profound improvement, the business community must play its part and share good practices in order to create transparency and security.
The Anti-Corruption Compliance in India Summit, presented by Duxes (Shanghai) Business Consulting, has grown over the past six years to become the premier platform for bringing together experts from all sides of corporate law to mold the global conversation on anti-corruption policy for the year to come.