This document summarizes the key findings of a global fraud survey regarding Belgium:
- Belgian businesses perceive low levels of bribery domestically but higher justification of unethical behaviors like cash payments compared to peers. Anti-bribery training is also lower.
- Belgian companies emphasize external auditing for compliance and widely use third party monitoring systems.
- Respondents believe the authorities are willing to prosecute corruption but support increased regulatory supervision.
- Views are mixed on management cutting corners in tough times and board oversight of fraud risks. Support for whistleblowing incentives is also limited in Belgium relative to global averages.
The world of international business has become more challenging. Trade disputes, tariffs, rising nationalism and Brexit now point to a shift from globalisation to economic fragmentation. As a result, businesses in many cases have to localise their presence in order to establish themselves in markets they wish to do business in.
The Global Business Complexity Index ranks jurisdictions around the world in terms of how difficult they are to operate in. It highlights what to expect from different countries across a range of business requirements including legal, compliance, accounting, tax and employment rules.
Complexity is not a reason to avoid investing. It is a factor which must be managed. With the right local knowledge and preparation, good companies can thrive anywhere.
The earnings call transcript summarizes CIT's financial results for the fourth quarter and full year of 2004. Key highlights included core earnings per share of $0.91 for Q4, a return on tangible equity of 14.5%, and strong new business volume growth of 32% for Q4 and 16% for the full year. The CEO discussed progress on strategic initiatives around capital discipline, growth culture, and profitability. Business units reported increased volumes and improving credit trends. The CFO provided additional details on drivers of the financial results.
Hear an in-depth discussion of emerging trends in the global and domestic tax controversy landscape, and learn leading practices for managing tax risks.
Private equity fundraising reached record levels in 2005, with buyout funds raising $86.2 billion, the highest amount ever recorded. Venture capital funds also saw strong fundraising, raising $25.2 billion, the highest since 2001. The surge in buyout fundraising was fueled by 17 mega funds that raised over $67 billion total. Venture capital fundraising was dominated by early stage and balanced funds.
Addressing the challenge of the new European Union Medical Device RegulationEY Belgium
The document discusses the new European Union Medical Device Regulation and how it presents both challenges and opportunities for medical device companies. It provides an overview of the key changes in the new regulation regarding transparency, products, and patients. These include requirements for more clinical evidence, restrictions on certain substances, unique device identification, and expanded labeling. The document then analyzes how these changes could impact businesses in areas like branding, competitive landscape, portfolio rationalization, and strategic planning. It argues companies should view the regulation as a strategic opportunity and presents a seven-step approach to help companies implement compliant solutions and changes.
PRI_Engaging on anti-bribery and corruptionOlivia Mooney
This document discusses the business case for companies and investors to engage on anti-bribery and corruption issues. It outlines that corruption costs an estimated $2.6 trillion annually, or over 5% of global GDP. Corruption scandals can result in huge financial losses and reputational damage for companies. Regulatory enforcement is also increasing across jurisdictions, with the US and UK aggressively prosecuting companies. Deferred prosecution and non-prosecution agreements now require companies to pay large fines, admit wrongdoing, and implement compliance measures. As such, engagement helps companies strengthen anti-corruption controls to mitigate risks and supports investors' fiduciary duty to protect shareholder value.
The document discusses the results of PwC's 2018 Global Economic Crime and Fraud Survey. Some key points:
- 49% of global organizations reported experiencing fraud or economic crime in the last 24 months, up from 36% in 2016. In Luxembourg the rate remained stable at 42%.
- Asset misappropriation, cybercrime, and money laundering were the most commonly reported types of economic crime. Tax fraud emerged as the 4th most common in Luxembourg.
- Risk assessments and proactive fraud prevention measures lag behind reactive spending. Only around half of organizations conducted general fraud risk assessments in the last two years.
The world of international business has become more challenging. Trade disputes, tariffs, rising nationalism and Brexit now point to a shift from globalisation to economic fragmentation. As a result, businesses in many cases have to localise their presence in order to establish themselves in markets they wish to do business in.
The Global Business Complexity Index ranks jurisdictions around the world in terms of how difficult they are to operate in. It highlights what to expect from different countries across a range of business requirements including legal, compliance, accounting, tax and employment rules.
Complexity is not a reason to avoid investing. It is a factor which must be managed. With the right local knowledge and preparation, good companies can thrive anywhere.
The earnings call transcript summarizes CIT's financial results for the fourth quarter and full year of 2004. Key highlights included core earnings per share of $0.91 for Q4, a return on tangible equity of 14.5%, and strong new business volume growth of 32% for Q4 and 16% for the full year. The CEO discussed progress on strategic initiatives around capital discipline, growth culture, and profitability. Business units reported increased volumes and improving credit trends. The CFO provided additional details on drivers of the financial results.
Hear an in-depth discussion of emerging trends in the global and domestic tax controversy landscape, and learn leading practices for managing tax risks.
Private equity fundraising reached record levels in 2005, with buyout funds raising $86.2 billion, the highest amount ever recorded. Venture capital funds also saw strong fundraising, raising $25.2 billion, the highest since 2001. The surge in buyout fundraising was fueled by 17 mega funds that raised over $67 billion total. Venture capital fundraising was dominated by early stage and balanced funds.
Addressing the challenge of the new European Union Medical Device RegulationEY Belgium
The document discusses the new European Union Medical Device Regulation and how it presents both challenges and opportunities for medical device companies. It provides an overview of the key changes in the new regulation regarding transparency, products, and patients. These include requirements for more clinical evidence, restrictions on certain substances, unique device identification, and expanded labeling. The document then analyzes how these changes could impact businesses in areas like branding, competitive landscape, portfolio rationalization, and strategic planning. It argues companies should view the regulation as a strategic opportunity and presents a seven-step approach to help companies implement compliant solutions and changes.
PRI_Engaging on anti-bribery and corruptionOlivia Mooney
This document discusses the business case for companies and investors to engage on anti-bribery and corruption issues. It outlines that corruption costs an estimated $2.6 trillion annually, or over 5% of global GDP. Corruption scandals can result in huge financial losses and reputational damage for companies. Regulatory enforcement is also increasing across jurisdictions, with the US and UK aggressively prosecuting companies. Deferred prosecution and non-prosecution agreements now require companies to pay large fines, admit wrongdoing, and implement compliance measures. As such, engagement helps companies strengthen anti-corruption controls to mitigate risks and supports investors' fiduciary duty to protect shareholder value.
The document discusses the results of PwC's 2018 Global Economic Crime and Fraud Survey. Some key points:
- 49% of global organizations reported experiencing fraud or economic crime in the last 24 months, up from 36% in 2016. In Luxembourg the rate remained stable at 42%.
- Asset misappropriation, cybercrime, and money laundering were the most commonly reported types of economic crime. Tax fraud emerged as the 4th most common in Luxembourg.
- Risk assessments and proactive fraud prevention measures lag behind reactive spending. Only around half of organizations conducted general fraud risk assessments in the last two years.
The document discusses strategies, tactics, and practices for managing risk and opportunity in commercial relationships. It addresses assessing risk through a strategic lens, defining core and non-core activities, and ensuring contracts address key risks. Tactics discussed include commitment management, applying best practices flexibly, and focusing on relationships over contracts alone. The benefits of risk resilience and its links to corporate governance are also covered.
Overcoming compliance fatigue - Reinforcing the commitment to ethical growth ...EY
This presentation is based on EY FIDS' 13th Global Fraud Survey. It highlights the state of fraud, bribery and corruption, comprising global as well as India findings.
For further information, please visit: http://www.ey.com/FIDS
EY Human Capital Conference 2012: the global employment tax landscapeEY
The document summarizes a presentation on global employment taxes. It discusses trends toward managing employment taxes on a regional or global basis rather than locally. It also covers increased government focus on compliance and risk management. The presentation highlights that many companies have excluded employment taxes from finance transformations. It provides examples of how leading companies are transforming their tax functions and optimizing processes to address these changing requirements.
The document summarizes a presentation on fraud and corruption given by various speakers. It discusses trends in fraud due to the current financial crisis, including types of financial misrepresentation and data theft being seen. It also covers how the Foreign Corrupt Practices Act affects UK businesses through its anti-bribery provisions and jurisdiction.
CIMA Ethical Leadership and Responsible Business Presentation. Aug 2013.The Performance Hub
In August we hosted the first in a series of Ethical Leadership Think Tanks. Our event was launched by international Guest Speaker Tanya Barman, Head of Ethics at CIMA UK.
We are sharing her presentation and research findings with you here.
Find out about other Think Tank events on our website at www.theperformancehub.co.za under the tab 'Think'.
Economic impact of covid 19 on wayra startupsYuting Jiang
The crisis caused by the coronavirus has put all sectors and areas of society on alert. In this new world, startups have the agility and creativity to respond quickly and positively to this crisis. They are also among the first to have to take measures to survive in a world of challenges, opportunities and risks.
In this study we analyze how the coronavirus crisis is impacting our portfolio of more than 500 startups and the entrepreneurial ecosystems in which we have a presence in Europe and Latin America. Today, more than ever, innovation does not stop.
#WeStayConected
This report identifies constraints on business growth in the "New Normal" environment of low demand visibility, low access to credit, and greater regulation. The main findings are:
1) Ease of doing business is rated as a major constraint by 38% of Irish businesses due to regulation and red tape, the third highest of 40 countries surveyed.
2) 49% of Irish businesses cite a shortage of orders as the greatest barrier to growth in 2012, an 11% increase year-over-year and the 7th highest of 40 countries.
3) Access to finance continues to be challenging in Ireland, ranked 36th of 40 countries surveyed, with the cost and shortage of financing constraining growth.
Jimmy E Dadrewalla, European Finance Director at United Phosphorus - Corporat...Global Business Events
This presentation discusses corporate acquisitions in developing countries and managing associated risks and cultural issues. It notes that foreign direct investment has increasingly focused on developing markets in recent decades as opportunities for growth. When acquiring companies in new markets like Ukraine and Brazil, chief financial officers must focus on risk mitigation strategies, such as ensuring credible local partners and structuring deals to allow resolution of disputes in international courts. The presentation also emphasizes the importance of understanding cultural differences between countries and integrating acquired company employees and leadership to avoid potential clashes. It provides a case study on the challenges of establishing a joint venture in Brazil, including differing growth aspirations of partners and approaches to debt levels.
The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
- 50% of CEOs surveyed do not feel their companies are adequately prepared to respond to disruption.
- Readiness levels are actually lower than CEOs' self-assessments across many dimensions.
- Investors want companies to undertake disruptive innovation projects, even if risky, and explore new business models.
- Companies are categorized as "Caterpillars", "Chrysalises", or "Butterflies" based on their urgency/readiness for transformation in response to disruption.
The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
- 50% of CEOs surveyed do not feel their companies are adequately prepared to respond to disruption.
- Readiness levels are actually lower than CEOs' self-assessments across many dimensions.
- Investors want companies to undertake disruptive innovation projects, even if risky, and explore new business models.
- Companies are categorized as "Caterpillars", "Chrysalises", or "Butterflies" based on their urgency/readiness for transformation in response to disruption.
“Nearly half of all victim organizations do not recover any losses that they suffer due to fraud” according to the 2012 Report to the Nations presented by the Association of Certified Fraud Examiners. Although, there are no statistics that report the total number of entities and the amount defrauded, regardless of size, any organization can become a victim of fraud. Kyle Anne Midkiff’s white paper, Act Now Before it’s Too Late, provides five important steps to help organizations of any size prevent fraud.
Once a year Intrum Justitia conducts a comprehensive survey of payment habits in Europe. Called the European Payment Index (EPI), it is the largest survey of its kind.
Moving from Process to Purpose, Risk Management after COVID19 chungarisk
This document provides summaries of key concepts in risk management and decision making.
It begins with definitions of situational awareness, mental simulation, and naturalistic decision making. These concepts emphasize gathering information, anticipating outcomes, and making decisions under uncertainty.
The document then discusses features of naturalistic decision making, including ill-defined goals, uncertainty, shifting priorities, and high stakes. It notes decision makers must react to changing conditions and work within dynamic organizations. Several models are highlighted, emphasizing recognition of patterns and situation assessment.
In closing, the document outlines four strategies for managing positive risks and opportunities: pursue, optimize, exploit, and share ownership with others. This emphasizes both accepting advantages and actively working to increase
Finding Your 'ESG Mindset' with Invest EuropeNavatar
Experts from PAI Partners, KPMG and APG Asset Management showcase Invest Europe’s new ESG due diligence questionnaire, and explain how it helps private equity managers meet investors’ growing calls for responsible investment to become a central pillar of their investment strategies.
The document summarizes the key findings of the 2012 European Payment Index survey conducted by Intrum Justitia. It finds that businesses across Europe are facing growing liquidity problems due to rising debt write-offs and late payments, which have increased to unprecedented levels. The survey shows a widening divide between northern and southern Europe, with businesses in southern countries like Greece, Portugal, and Italy struggling the most due to much longer average payment times. Most at risk are small- and medium-sized businesses, and the liquidity problems threaten growth, jobs, and economic stability across the continent.
Bribery and Corruption (FCPA): What Auditors Need to KnowFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website
This Webinar focused on the subject in the title
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
Tricumen / M&A boutiques vs globals_101215Tricumen Ltd
- Boutique M&A firms weathered the post-financial crisis period better than large global banks, but have higher costs.
- While boutiques saw steady growth after a slight dip in 2009, revenues for large global banks took several years to recover.
- Looking forward, as M&A markets remain healthy, large US global banks are expected to continue gaining market share from European banks and boutique firms.
The document summarizes the key findings of the Economist Intelligence Unit's annual global fraud survey, which polled over 1,200 senior executives worldwide. The survey found that while the prevalence of some fraud types declined, concern about fraud is rising as the threat becomes more varied. Corruption is a growing concern, with awareness increasing but many companies still unprepared. Information theft remains a serious risk, though ongoing security investments have started to yield results. Companies hardest hit by fraud often underinvested in anti-fraud measures like training, audits and screening.
IFRS 15 - the new revenue recognition standard EY Belgium
The IASB and the FASB have jointly issued a new revenue standard, IFRS 15 Revenue from Contracts with Customers, which will replace the existing IFRS and US GAAP revenue guidance.Find out more in our comprhensive brochure.
EY financial accounting advisory services - Your partner in financeEY Belgium
The EY FAAS team listens to your needs, analyse the business drivers impacting your business and help you shaping the finance tools or processes of the future.
The document discusses strategies, tactics, and practices for managing risk and opportunity in commercial relationships. It addresses assessing risk through a strategic lens, defining core and non-core activities, and ensuring contracts address key risks. Tactics discussed include commitment management, applying best practices flexibly, and focusing on relationships over contracts alone. The benefits of risk resilience and its links to corporate governance are also covered.
Overcoming compliance fatigue - Reinforcing the commitment to ethical growth ...EY
This presentation is based on EY FIDS' 13th Global Fraud Survey. It highlights the state of fraud, bribery and corruption, comprising global as well as India findings.
For further information, please visit: http://www.ey.com/FIDS
EY Human Capital Conference 2012: the global employment tax landscapeEY
The document summarizes a presentation on global employment taxes. It discusses trends toward managing employment taxes on a regional or global basis rather than locally. It also covers increased government focus on compliance and risk management. The presentation highlights that many companies have excluded employment taxes from finance transformations. It provides examples of how leading companies are transforming their tax functions and optimizing processes to address these changing requirements.
The document summarizes a presentation on fraud and corruption given by various speakers. It discusses trends in fraud due to the current financial crisis, including types of financial misrepresentation and data theft being seen. It also covers how the Foreign Corrupt Practices Act affects UK businesses through its anti-bribery provisions and jurisdiction.
CIMA Ethical Leadership and Responsible Business Presentation. Aug 2013.The Performance Hub
In August we hosted the first in a series of Ethical Leadership Think Tanks. Our event was launched by international Guest Speaker Tanya Barman, Head of Ethics at CIMA UK.
We are sharing her presentation and research findings with you here.
Find out about other Think Tank events on our website at www.theperformancehub.co.za under the tab 'Think'.
Economic impact of covid 19 on wayra startupsYuting Jiang
The crisis caused by the coronavirus has put all sectors and areas of society on alert. In this new world, startups have the agility and creativity to respond quickly and positively to this crisis. They are also among the first to have to take measures to survive in a world of challenges, opportunities and risks.
In this study we analyze how the coronavirus crisis is impacting our portfolio of more than 500 startups and the entrepreneurial ecosystems in which we have a presence in Europe and Latin America. Today, more than ever, innovation does not stop.
#WeStayConected
This report identifies constraints on business growth in the "New Normal" environment of low demand visibility, low access to credit, and greater regulation. The main findings are:
1) Ease of doing business is rated as a major constraint by 38% of Irish businesses due to regulation and red tape, the third highest of 40 countries surveyed.
2) 49% of Irish businesses cite a shortage of orders as the greatest barrier to growth in 2012, an 11% increase year-over-year and the 7th highest of 40 countries.
3) Access to finance continues to be challenging in Ireland, ranked 36th of 40 countries surveyed, with the cost and shortage of financing constraining growth.
Jimmy E Dadrewalla, European Finance Director at United Phosphorus - Corporat...Global Business Events
This presentation discusses corporate acquisitions in developing countries and managing associated risks and cultural issues. It notes that foreign direct investment has increasingly focused on developing markets in recent decades as opportunities for growth. When acquiring companies in new markets like Ukraine and Brazil, chief financial officers must focus on risk mitigation strategies, such as ensuring credible local partners and structuring deals to allow resolution of disputes in international courts. The presentation also emphasizes the importance of understanding cultural differences between countries and integrating acquired company employees and leadership to avoid potential clashes. It provides a case study on the challenges of establishing a joint venture in Brazil, including differing growth aspirations of partners and approaches to debt levels.
The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
- 50% of CEOs surveyed do not feel their companies are adequately prepared to respond to disruption.
- Readiness levels are actually lower than CEOs' self-assessments across many dimensions.
- Investors want companies to undertake disruptive innovation projects, even if risky, and explore new business models.
- Companies are categorized as "Caterpillars", "Chrysalises", or "Butterflies" based on their urgency/readiness for transformation in response to disruption.
The document discusses how companies can both disrupt industries while also being disrupted by new technologies and business models. It summarizes the results of a survey of CEOs and institutional investors. The key findings are:
- 50% of CEOs surveyed do not feel their companies are adequately prepared to respond to disruption.
- Readiness levels are actually lower than CEOs' self-assessments across many dimensions.
- Investors want companies to undertake disruptive innovation projects, even if risky, and explore new business models.
- Companies are categorized as "Caterpillars", "Chrysalises", or "Butterflies" based on their urgency/readiness for transformation in response to disruption.
“Nearly half of all victim organizations do not recover any losses that they suffer due to fraud” according to the 2012 Report to the Nations presented by the Association of Certified Fraud Examiners. Although, there are no statistics that report the total number of entities and the amount defrauded, regardless of size, any organization can become a victim of fraud. Kyle Anne Midkiff’s white paper, Act Now Before it’s Too Late, provides five important steps to help organizations of any size prevent fraud.
Once a year Intrum Justitia conducts a comprehensive survey of payment habits in Europe. Called the European Payment Index (EPI), it is the largest survey of its kind.
Moving from Process to Purpose, Risk Management after COVID19 chungarisk
This document provides summaries of key concepts in risk management and decision making.
It begins with definitions of situational awareness, mental simulation, and naturalistic decision making. These concepts emphasize gathering information, anticipating outcomes, and making decisions under uncertainty.
The document then discusses features of naturalistic decision making, including ill-defined goals, uncertainty, shifting priorities, and high stakes. It notes decision makers must react to changing conditions and work within dynamic organizations. Several models are highlighted, emphasizing recognition of patterns and situation assessment.
In closing, the document outlines four strategies for managing positive risks and opportunities: pursue, optimize, exploit, and share ownership with others. This emphasizes both accepting advantages and actively working to increase
Finding Your 'ESG Mindset' with Invest EuropeNavatar
Experts from PAI Partners, KPMG and APG Asset Management showcase Invest Europe’s new ESG due diligence questionnaire, and explain how it helps private equity managers meet investors’ growing calls for responsible investment to become a central pillar of their investment strategies.
The document summarizes the key findings of the 2012 European Payment Index survey conducted by Intrum Justitia. It finds that businesses across Europe are facing growing liquidity problems due to rising debt write-offs and late payments, which have increased to unprecedented levels. The survey shows a widening divide between northern and southern Europe, with businesses in southern countries like Greece, Portugal, and Italy struggling the most due to much longer average payment times. Most at risk are small- and medium-sized businesses, and the liquidity problems threaten growth, jobs, and economic stability across the continent.
Bribery and Corruption (FCPA): What Auditors Need to KnowFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website
This Webinar focused on the subject in the title
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
Tricumen / M&A boutiques vs globals_101215Tricumen Ltd
- Boutique M&A firms weathered the post-financial crisis period better than large global banks, but have higher costs.
- While boutiques saw steady growth after a slight dip in 2009, revenues for large global banks took several years to recover.
- Looking forward, as M&A markets remain healthy, large US global banks are expected to continue gaining market share from European banks and boutique firms.
The document summarizes the key findings of the Economist Intelligence Unit's annual global fraud survey, which polled over 1,200 senior executives worldwide. The survey found that while the prevalence of some fraud types declined, concern about fraud is rising as the threat becomes more varied. Corruption is a growing concern, with awareness increasing but many companies still unprepared. Information theft remains a serious risk, though ongoing security investments have started to yield results. Companies hardest hit by fraud often underinvested in anti-fraud measures like training, audits and screening.
IFRS 15 - the new revenue recognition standard EY Belgium
The IASB and the FASB have jointly issued a new revenue standard, IFRS 15 Revenue from Contracts with Customers, which will replace the existing IFRS and US GAAP revenue guidance.Find out more in our comprhensive brochure.
EY financial accounting advisory services - Your partner in financeEY Belgium
The EY FAAS team listens to your needs, analyse the business drivers impacting your business and help you shaping the finance tools or processes of the future.
European banking barometer - Belgian results EY Belgium
The European Banking Barometer provides a benchmark and overview of the macro-economic outlook and its impact on the European banking industry, as well as the priorities banks will focus on over the next six months.
The gradual recovery of European banks is expected to continue. Most bankers remain positive about the economy and their bank’s performance, but the sector isn’t out of the woods yet. After a significant swing towards optimism in our previous edition, our latest survey reveals that a few more bankers expect the economy to improve but most only anticipate slight improvement.
The Belgian Parliament passed a law granting greater fiscal autonomy to Belgium's three Regions regarding individual income tax. This includes: 1) A new regional additional tax levied by each Region on resident taxpayers; 2) Shifting specific tax reductions from federal to regional authority; 3) Applying regional tax systems to some non-resident taxpayers earning most income in Belgium. The law enables components of Belgium's Sixth State Reform to take effect in 2014, regionalizing aspects of the personal income tax system and impacting taxpayers.
Baromètre de l'Attractivité belge - résultats de perception EY Belgium
Il ressort du Baromètre de l’Attractivité belge, un rapport annuel d’EY qui analyse la perception de la Belgique en tant que pays d’investissement, que l’attractivité de notre Royaume se situe à un tournant.
Barometer van de Belgische Attractiviteit 2014 - perceptieresultaten EY Belgium
Uit de Barometer van de Belgische Attractiviteit, een jaarlijks rapport van EY dat de perceptie van België als investeringslocatie in kaart brengt, blijkt dat de aantrekkelijkheid van België op een keerpunt zit. Lees hier hoe buitenlandse investeerders ons lang percipiëren en welke aanbevelingen EY maakt.
Analyse des performances et évolution du tissu PME wallonEY Belgium
Les PME dopent plus que jamais l’économie wallonne -
Le financement reste toutefois le talon d’Achille de la PME wallonne:
- Les PME wallonnes sont plus petites que les PME flamandes
- Les PME wallonnes ont crû davantage que les PME flamandes
- La Wallonie souffre toujours d’un déficit important de PME
- Les PME wallonnes lourdement handicapées par des problèmes de financement et de capitalisation
EY global consumer banking survey - Western European highlights EY Belgium
The document summarizes key findings from EY's third global consumer banking survey of over 32,000 customers in 43 countries. It focuses on results for Western Europe. The survey found that while confidence in the banking industry has risen globally after years of decline, confidence decreased in most Western European countries over the past year. Customers in Western Europe express less trust in their financial providers than globally. Banks need to focus on convenience, communications, advice, problem resolution and enhancing the digital experience to strengthen customer relationships and advocacy.
The CFO Barometer is a collaboration of EY with CFO magazine. In this edition EY Belgium partner Stefan Olivier talks about the economic trends every CFO has to take into account.
EY Real Estate Asset Investment trend indicator 2014 EY Belgium
The EY Real Estate Asset Investment trend indicator shows increasing interest for Belgian real estate as sound investment in 2014. More findings included.
European Banking Barometer: Spring/Summer 2013 - Belgian focusEY Belgium
EY’s European Banking Barometer is a bi-annual study to determine the views of senior bankers across the major banking markets in Europe. The research focuses on the current macro-economic environment and how it will impact their organization an the banking industry as a whole over the next six months.
Barometer van de Belgische Attractiviteit 2013 EY Belgium
De Barometer van de Belgische Attractiviteit presenteert de resultaten van de reële directe buitenlandse investeringen in België. Een structurele aanpak is hoogdringend.
This document discusses recent developments in Belgian employment law regarding the harmonization of white-collar and blue-collar worker statuses, as well as the self-employed status. The Constitutional Court ruled the distinction between white-collar and blue-collar workers to be unconstitutional, requiring a harmonization of their statuses. Additional changes relate to dismissal procedures and illness leave. The document also examines challenges around classifying professional activities as employee or self-employed work. New criteria in Belgium's Labour Relations Act provide guidance in making such determinations.
EY barometer van de belgische attractiveness part 1 2013EY Belgium
Het ondernemersvertrouwen in België als investeringslocatie staat steeds meer onder druk
Buitenlandse investeerders verwachten geen eenmalige doch structurele maatregelen van de Belgische regering
EY baromètre de l’attractivité belge partie 1 - 2013EY Belgium
La confiance des entreprises dans la Belgique en tant que terre d’investissement de plus en plus mise sous pression
Les investisseurs étrangers attendent des mesures structurelles, et non pas ponctuelles, de la part du gouvernement belge
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The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
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The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
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1. Growing Beyond: a place for
integrity
12th Global Fraud Survey findings for Belgium
May 2012
2. Survey approach and participant profile
► Between November 2011 and February 2012, our researchers conducted a total of 1,758 interviews with employees
in 43 countries covering North America, Latin America, Europe, Africa, Middle East, Far East and Oceania.
► A sample of the largest companies in each country by turnover was interviewed. Senior executives interviewed
included CFOs, heads of internal audit, heads of legal and chief compliance officers. Details of the full survey are
shown below.
Role within organization % of respondents Global revenues % of respondents
Finance 42 Above US$1b 32
Internal Audit and Risk 22 US$500m – US$1b 22
Legal 9 Less than US$500m 46
Compliance 3
Other executives 24
► All interviews were conducted by telephone in the local language.
► 50 interviews were conducted in Belgium.
► Results are compared with findings for Western Europe, based on 602 interview across 12 countries - Austria,
Belgium, France, Germany, Greece, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, and UK.
► Please note that, due to rounding, some figures may not sum to 100%. On some slides the “don‟t know” and "refused"
percentages have been omitted to allow better comparison between the given responses. As a result, percentages
may not total 100%.
2
12th Global Fraud Survey
3. Summary for Belgium
► Belgian businesses perceive incidence of bribery and corruption in their country as very low (10%),
less than half that seen in Western Europe (22%) and significantly lower than the rest of world
(39%).
► Surprisingly, however, justifying unethical behavior, such as „making cash payments‟ (34%)
during an economic downturn, are at significantly higher levels than that of Western Europe
and globally.
► Belgian businesses support a broad range of anti-bribery policy measures, albeit below regional and
global levels. Notably, levels of available „training on anti-bribery/corruption policies‟ (38%) are far
below Western Europe (56%) and globally (55%).
► Belgian companies place strong emphasis on external auditing (82%) to monitor compliance with
anti-bribery laws, higher than Western Europe (73%) and the rest of the world (75%).
► Interestingly, „specialist monitoring software / IT systems‟ are also more widely employed than
the global or regional norm.
► Belgian businesses are more inclined to adopt processes and systems to manage and monitor third
party relationships than the rest of the world.
► In particular, over three-quarters (76%) use approved supplier databases, significantly
outpacing all comparatives.
3
12th Global Fraud Survey
4. Summary for Belgium (cont’d)
► Similarly to both regional (61%) and global (63%) averages, respondents are likely (64%) to accept
that market entry presents new risks.
► Nearly 40% of Belgian companies believe liability is shared with third parties, slightly higher than
that of Western Europe (34%), but in line with the global average (39%).
► Less than a quarter (24%) support establishing whistleblowing compensation schemes, lower than
the region (38%) as a whole, and markedly below the global comparative (52%).
► The overall perception of Belgian authorities‟ willingness to prosecute bribery and corruption cases
(98%), and their perceived effectiveness at securing convictions (40%), is overwhelmingly positive.
These are considerably higher than both regional and global norms.
► The majority of Belgian companies (62%) mimic the regional (61%) outlook, in their support for
increased regulatory supervision, although this is slightly below the rest of the world viewpoint
(69%).
4
12th Global Fraud Survey
5. Bribery and corruption is widespread
% Applies to
% Does not apply to % Applies to Western
Europe Global
Bribery/corrupt practices happen
82 10 22 39
widely in business in this country
In our sector, it is common
practice to use bribery to win 92 6 5 12
contracts
Bribery/corrupt practices have
increased because of the 76 12 16 24
economic downturn
Q: For each of the following, can you tell me whether you think it applies, or does not apply, to your country/industry, or
whether you don‟t know?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
5
12th Global Fraud Survey
6. Increased willingness to pay bribes or
misstate financial statements
Western
Europe Global
Entertainment to win/retain
42 26 30
business
Cash payments to win/retain
34 11 15
business
Personal gifts to win/retain
12 12 16
business
Misstating company's
10 5 5
financial performance
None of these 34 59 53
Don't know/refused - 3
Shown: percent stating response
Q: Which, if any, of the following do you feel can be justified if they help a business survive an economic downturn?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
6
12th Global Fraud Survey
7. Failure to follow through on tone from the
top
% Applies to
% Does not apply to % Applies to Western
Europe Global
We have an anti-bribery/anti-corruption
policy and code of conduct 22 78 84 81
Senior management has strongly
communicated its commitment to our anti- 28 72 84 84
bribery/anti-corruption policies
The guidance on anti-bribery/anti-
corruption is available in local languages 32 68 67 63
There are clear penalties for breaking our
anti-bribery/anti-corruption policies 38 60 71 71
People have been penalized for breaching
our anti-bribery/anti-corruption policies 44 54 40 45
There is training on our anti-bribery/anti-
corruption policies 62 38 56 55
Q: For each of the following, please tell me whether it applies, or does not apply, to your organiztion, or whether you
don‟t know?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
7
12th Global Fraud Survey
8. Types of compliance monitoring processes
in use
Western
Europe Global
Regular audits by external
82 73 75
auditor
Regular internal audits 78 84 86
Specialist monitoring
56 36 43
software/IT systems
Whistleblowing hotlines 40 49 53
Regular reviews by external
law firms or specialist 28 25 33
consultants
Shown: percent applies to
Q: Which of the following systems or processes does your organiztion have for monitoring compliance with anti-bribery
and anti-corruption laws?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
8
12th Global Fraud Survey
9. Inconsistent level of recognition of the risks
of investing in new markets
% Strongly disagree % Tend to disagree % Tend to agree % Strongly agree
Belgium 4 16 32 32
Western Europe
9 12 33 28
Global 7 13 36 27
Q: To what extent do you agree or disagree with each of the following statement? Planned investment by my company in
new markets will open us up to new risks
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
9
12th Global Fraud Survey
10. Approaches adopted in managing third party
relationships
Western
Europe Global
Approved supplier database 76 52 59
Background checking system 60 51 56
Audit rights / regular audits of
56 46 45
the 3rd party
Use external provider to run
48 28 34
checks
Check on ownership of the
48 48 50
3rd party
Use software/technology
40 27 30
based check of 3rd party
Shown: percent applies to
Q: Thinking about third parties that your organiztion uses, what systems or processes do you have in place to manage
and monitor those relationships?
Base: all who use a third party Belgium (25), Western Europe (422), Global (1268)
10
12th Global Fraud Survey
11. Frequency of conducting due diligence into
fraud and corruption risks
% Never % Not very frequently % Fairly frequently % Very frequently % Always
Pre-acquisition
Belgium 17 4 21 13 46
Belgium 09/10 Not surveyed
Western Europe 17 13 16 9 44
Global 17 14 14 11 43
Post-acquisition
Belgium 27 15 27 8 23
Belgium 09/10 Not surveyed
Western Europe 24 14 18 13 31
Global 26 15 17 12 29
Q: How frequently has your company conducted due-diligence into fraud and/or corruption-related risks before acquiring a
new business in the last two years? Base: acquirers in Belgium (24), Western Europe (327), Global (957) And how
frequently has your company conducted fraud and/or corruption related post-acquisition due diligence in the last two
years? Base: acquirers in Belgium (26), Western Europe (339), Global (1032)
11
12th Global Fraud Survey
12. Likelihood of management cutting corners
% Strongly disagree % Tend to disagree % Tend to agree % Strongly agree
Belgium 10 14 38 32
Western Europe 20 16 31 22
Global 23 19 29 17
Q: To what extent do you agree or disagree with each of the following statement? Company management is likely to cut
corners to meet targets when economic times are tough
Base: all respondents in Belgium (50), Western Europe (552), Global (1403)
12
12th Global Fraud Survey
13. Limited awareness of liability for third-party
actions
Western
Europe Global
The company and 3rd party have
joint liability for the actions of the 38 34 39
3rd party
The company is liable for the
6 21 16
action of its 3rd party agents
The 3rd party only is liable for its
4 12 14
own action
Not relevant/Don't know/ refused 52 33 32
Shown: percent applies to
Q: Many companies make use of third-party agents as part of their normal commercial activities, particularly around
sales and distribution. Which of the following is closest to your understanding of the liability companies have for the
actions of 3rd party agents acting on their behalf Base: all respondents in Belgium (50), Western Europe (602), Global
(1758)
13
12th Global Fraud Survey
14. Boards would benefit from deeper
understanding
% Strongly disagree % Tend to disagree % Neither / nor % Tend to agree % Strongly agree
Belgium 17 17 10 38 17
Western Europe 20 30 11 20 18
Global 17 20 10 26 26
Q: To what extent to do you agree or disagree with each of the following statement? Our board needs a more detailed
understanding of the business if it is to be an effective safeguard against fraud, bribery and corrupt practices
Base: all C-suite Directors Belgium (29), Western Europe (262), Global (736)
14
12th Global Fraud Survey
15. Support for whistleblower bounty schemes
Belgium Western Europe
2 12
18
6
24 26
18
22
20
Global
2
11
20 22
30
15
% Strongly support % Tend to support
% Neither support nor oppose % Tend to oppose 20 30
% Strongly oppose % Don't know
Q: To what extent would you support or oppose compensation schemes for whistleblowing being established in your
country?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
15
12th Global Fraud Survey
16. Perception of regulators and law
enforcement authorities
Belgium 40 58 2
Western Europe 29 56 10 6
Global 27 50 16 6
% They appear willing to prosecute cases of bribery/corruption & seem effective in securing convictions
% They appear willing to prosecute cases of bribery/corruption but do not seem effective in securing convictions
% They do not appear willing to prosecute cases of bribery/corruption
% Don't know
Q: Thinking about regulators and law enforcement authorities in your country, which of the following statements best
describes their approach to cases of bribery/corruption?
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
16
12th Global Fraud Survey
17. Support for more supervision by regulators
Belgium 26 12 62
Western Europe 25 13 61
Global 19 10 69
% Disagree % Neither/ nor % Agree
Q: To what extent to do you agree or disagree with each of the following statements? There should be more supervision
by regulators and government in the future, to try to reduce the risk of fraud, bribery and corruption.
Base: all respondents in Belgium (50), Western Europe (602), Global (1758)
17
12th Global Fraud Survey
18. Participants – region and country
Number of interviews
Australia 50 Japan 50 North America 100
Canada 50
USA 50
Central & Eastern Europe 405 Latin America 176
Baltic States† 50 Argentina 25
Czech Republic 50 Brazil 50 Western Europe 602
Hungary 50 Chile 25 Austria 51
Poland 55 Colombia 26 Belgium 50
Romania 50 Mexico 50 France 50
Russia 50 Germany 50
Turkey 50 Greece 50
Middle East*, India, & Africa 225
Ukraine 50 Italy 50
India 50
Netherlands 50
Kenya 25
Norway 50
Far East 150 Middle East* 50
Spain 50
China (inc. Hong Kong) 50 Namibia 25
Sweden 50
Indonesia 25 Nigeria 25
Switzerland 51
Malaysia 25 South Africa 50
UK 50
Singapore 25
Vietnam 25
† Latvia, Lithuania, Estonia
Base: all respondents (1758) * UAE, Jordan
18
12th Global Fraud Survey
19. Number of Belgium interviews: role, sector,
revenue
Job function Sector
Finance 30 Automotive 5
Internal Audit and Risk 9 Consumer products / retail / wholesale 11
Legal 4 Financial services 1
Compliance - Life sciences -
Manufacturing / chemicals 11
Other executives 7
Oil, gas, and mining 2
Power and utilities 3
Revenue
Professional firms and services 5
More than $1 billion 5
Real estate 4
$500 million to $1 billion 6
Technology, communications, and
3
Less than $500 million 51 entertainment
Other transportation 4
Other sectors 1
Base: all respondents in Belgium (50)
19
12th Global Fraud Survey