August



CMS.DataEngine.CollectionPropertyWrapper`1[CMS.DataEngine.BaseInfo]
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August 12, 2013
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Corporate Lettings Market Rises With Senior Talent Demand

Activity in Asia led the way as businesses increased their spending on relocating and hiring senior staff around the world in 2012, according to estate agency Knight Frank's ' Global Corporate Lettings Review 2013 .' The report, available online, notes that 60% of respondents to the survey noted a rise in corporate relocation budgets for senior executives last year. Overall, the flow of talent is still from West to East, with three of the major business centres seeing greatest increases in prime rental growth across 2012 found in Asia (Beijing, Dubai and Shanghai), with the Kenyan capital of Nairobi topping the list with 17.9% growth for the second year running. Zurich completes the top five.

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CMS.DataEngine.CollectionPropertyWrapper`1[CMS.DataEngine.BaseInfo]
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August 12, 2013
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Global Firms Report Rise in Bribery and Corruption Risks

"A report by risk management provider, Kroll, has revealed that 43% of global businesses said their bribery and corruption risks have increased in the past two years.The '2013 Anti-Bribery and Corruption Benchmarking Report' found that only 8% of companies said their risks have fallen in the past two years, and that half of the businesses questioned expect their bribery and corruption risks to increase over the next year.It was revealed that 80% cited expansion into new markets as the most common reason for the expected rise, while 60% stated more rigorous enforcement of anti-bribery laws and 56% said the creation of anti-bribery laws in new jurisdictions was the main reason.Despite these risks, the report revealed that 18% said that they either have an anti-corruption policy but don't require employees to read it, or don't have one at all. Furthermore, 43% of firms surveyed said they only conduct a bribery and corruption risk assessment less than once a year, while 17% have never conducted a risk assessment. ""Given the proliferation of bribery and corruption risks, due diligence on customers, new acquisitions, and business partners is an absolute necessity,"" said Melvin Glapion, Managing Director at Kroll Advisory Solutions."

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CMS.DataEngine.CollectionPropertyWrapper`1[CMS.DataEngine.BaseInfo]
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August 12, 2013
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What's More Important to an Organization: Reputation or Money?

""Honesty is the best policy" There is no doubt this old saying should be followed by anyone applying for a new job. Unfortunately, there are cases in which applicants are less than truthful during the hiring process, and the boss discovers discretionary information through some other resource. Such deception is occupational fraud, and represents a valid reason for denying employment. But what if it is an employee already on your payroll - and doesn't have the qualifications for which he was hired?

To stop and think about this possibility - unqualified employees working in sensitive positions at your organization - can be alarming indeed. To look at it another way, which is scarier: imagine that you are waiting for takeoff in an airplane operated by fake pilots with forged licenses? Either of these realities would be frightening, and unfortunately, this is not just an abstract question. Unqualified employees with forced qualifications have penetrated even the highly prestigious aviation industry.

A recent, shocking case that highlights this type of fraud involved a worldwide airlines, a National Flag Carrier in Southeast Asia, that dismissed four pilots who logged thousands of air travel hours for owning forged degrees. According to the news reports, one of the dismissed pilots of that State run Airline had flown over 25 years, and two of them had piloted special aircraft utilized by renowned individuals throughout the regime of Country's former military ruler."

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