Delhi Event report • Committees
Session on Forensic, Regulatory, and Compliance Developments for French Companies in India
IFCCI in collaboration with EY, organized an Interactive Session on Forensic, Regulatory, and Compliance Developments for French Companies in India.
Download a copy of this event coverage
The Indo-French Chamber of Commerce & Industry (IFCCI), under the aegis of its General Counsel and Corporate Affairs Committee and in collaboration with Ernst & Young LLP, organized an Interactive Session on Forensic, Regulatory, and Compliance Developments for French Companies in India on 12th July 2024 at the EY office in Gurgaon.
Mr. Arpinder Singh, Global Markets & India Leader, EY Forensic & Integrity Services, welcomed our members and helped set the context for the session, followed by Ms. Lubinisha Saha, Chairperson - IFCCI General Counsel & Corporate Affairs Committee and General Counsel - India and International, Airbus, introducing IFCCI's General Counsel Committee and highlighting the importance of understanding the compliance policies and their effective implementation as well as the emerging role of technology in this function for the legal fraternity.
The Session was led by Ms. Saguna Sodhi, Partner at EY Forensic & Integrity Services who talked about the several forensic and regulatory developments for French companies in India, the drivers for setting up a compliance function and the how crucial it is to take into account the maturity of the compliance programs across the different measures of SAPIN-II.
She was also in a conversation with Mr. Bharat Bhushan Nagpal, Executive Director of Finance and Control at Sonepar India, wherein they discussed about addressing the compliance related challenges and shared a few best practices for effective governance.
Members contributed and interacted with each other through a live QR code sharing their respective thoughts on the matter.
The Session concluded with Ms. Farnawaz Mistry, Head-Legal at Roquette India and Vice-Chairperson, IFCCI General Counsel & Corporate Affairs Committee, sharing some key takeaways pertaining to ethical misconduct in organizations, the critical non-financial reporting, the role of risk mapping, focused trainings and structured audit programmes within a company.
Mr. Sushant Jain, Director, EY Forensic & Integrity Service, Mr. Mayank Garg, Director, EY Forensic & Integrity Service and Mr. Swapnil Sule, Director, EY Forensic & Integrity Service took the members through the scope of technology intervention, use of digital tools and AI to improve the monitoring and business processes.
