Firms told not to accept any fraud by employees
Monday 13th April 2009, 2:29PM BST.
Seminar speakers Advocate Christian Hay, left, and Dr Elaine Monkhouse with chairman Bob Moore. (Picture by Steve Sarre, 0751480)
FIRMS must adopt a zero-tolerance policy towards employee fraud, according to strategic change expert Dr Elaine Monkhouse.
The executive director of advisory at KPMG was speaking at the last in a five-event Challenging Times seminar series hosted by Collas Day.
Dr Monkhouse said too often companies’ policy in relation to employee fraud was lacking in its implementation.
‘It’s all very well having policy but you need to use your policy in a way that changes behaviour.
‘People have to be aware it exists, aware of the implications of their actions and see that their organisations take action. You have to show zero tolerance.
‘There’s been too much of a culture of people getting away with it because of firms wanting to avoid bad PR.’
She said engagement with staff was required, particularly in times of a supposed recession.
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