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THIRTY-NINE per cent of businesses in the Asia-Pacific have suffered from economic crime in the last two years with an average recovery on loss of 20% or less, a survey showed.
China's new millionaires - un- abashed capitalists in a country still ruled by communists, albeit evolving ones - tend to shun publicity. But Hoogewerf has found them.
Revelations that Lucent Technologies Inc's senior executives in China may have violated US law banning the payment of bribes overseas is unlikely to be an isolated case in a country where corruption is common despite government campaigns to stamp it out, analysts said.
THE interests of minority shareholders in many public companies are not served by the still strong executive management influence over their internal auditors who should ideally be acting independently, said Wee Hock Kee, the newly elected president of Institute of Internal Auditors Malaysia (IIA Malaysia).