Power play a pivotal role in the normal business operations, from governing how decisions are made,to how employees are endowed and decision making capacity is vested with only certain bandwidth of employees.
Misuse of the power in corporates is not new; however there has been a continuous trend and regular pattern of mutilation of power by the key personnel who owe a fiduciary responsibility to the stakeholders at large.
In the current economic landscape, the biggest irony faced by organizations is to tackle situations wherein the custodian or guardian of a corporate portfolio becomes the abuser thereby causing immense loss of goodwill and economic losses to organizations.
This whitepaper-"Taking On The Powerful" intends to help you understand about the nature of frauds that can be possibly committed through Senior Managerial Personnel owing to the absence of an effective internal control framework and elucidate the core reasons for employees frauds summarized through selected conspicuous case studies.
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