Wednesday, Apr 19, 2017
Dubai: Nearly a third of UAE executives have resigned from a job over concerns about unethical conduct at their company, a survey has found.
The biennial EY Europe, Middle East, India and Africa (EMEIA) Fraud Survey found 42 per cent of UAE respondents believed regulatory activity had a positive impact on their company’s ethical standards, compared to 28 per cent worldwide.
Only 9 per cent of UAE respondents were aware of whistle-blowing hotlines used to monitor compliance with anti-bribery and corruption laws.
The survey interviewed 4,100 executives in large corporations in 41 countries.
Michael Adlem, EY Mena Fraud Investigation & Dispute Services Leader, stated: “Despite the need for more improvement, UAE executives have a lot more confidence in regulations as a deterrent of unethical behaviour compared to their global counterparts.
“Even though a third of UAE executives are not afraid to leave their job if they are aware of unethical conduct, a third of UAE executives are also willing to withhold information about ethical misconduct.
“The different extremes in behaviour and lack of awareness about whistle-blowing hotlines indicates a need for companies to work harder at setting the right tone on business ethics to foster a more unified culture of ethical behaviour,”
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