Businesses Prepare for New Era of Public Scrutiny as 83% Expect Investigations in Next 12 Months
Retrieved on:
Tuesday, September 21, 2021
FTI Consulting, Nature, USD, G-20, ESG, Behavior, Professional corporation, McKinsey & Company, Workforce, Analytics, LinkedIn, AI, Senior, Conduct, Government, Twitter, Company, FTI, FCN, Risk, Contract, COVID-19, Technology, Facebook, Organization, NYSE, GLOBE, Treatment, Risk management, Health insurance
The survey of more than 2,800 executives from large public and private companies across G-20 nations found that 83% of those organizations either are being or expect to be investigated in the next 12 months.
Key Points:
- The survey of more than 2,800 executives from large public and private companies across G-20 nations found that 83% of those organizations either are being or expect to be investigated in the next 12 months.
- The top three investigation worries are: business conduct and the treatment of customers, sustainability and ESG practices, and the relationship with public bodies and government contracts.
- The services sector and financial sector were the most likely to report experiencing regulatory or political scrutiny over the past 12 months (23% each).
- Class actions and mass consumer claims: 13% of respondents experienced these in the past 12 months, and the same percentage expect this to continue in the next 12 months.