58% of Indian firms have no policy to counter espionage: KPMG survey
Indian companies are ill-prepared to handle frauds and corporate espionage, says the 2003 fraud and misconduct diagnostic survey conducted by professional services firm KPMG.
As many as 58 per cent of the 196 respondent company executives said they had no policy to counter corporate espionage.
Around 50 per cent of the respondents covered by the survey said their companies did not have in place a conflict-of-interest policy. Around 72 per cent said they were not required to sign annual conflict-of-interest declarations.
