Jim McCurry

Global corporate integrity standards are slowly but surely on the rise. According to the EY 2024 Global Integrity Report, almost half of respondents (49%) say that their organisations’ integrity standards have improved over the past two years, up 7% from the previous report published in 2022. Key drivers include increased direction from management, stricter regulation, demand from customers and shareholders, and pressure from employees.

The EY Global Integrity Report 2024 reveals that rapid change and economic uncertainty make it harder for companies to act with integrity. In brief Overall, integrity standards are improving; however, corporate misconduct appears to be on the rise. The gap between what leaders say about integrity versus how they act is growing, which perpetuates integrity risk within the organization. General counsel can help to build an integrity-first organization that puts people at the center.

The successful adoption of disruptive technologies requires a balance between the pursuit of opportunities and the management of risks. In brief Laws and guidelines often struggle to keep up with the rapid pace of technological evolution, making it essential for organizations to be proactive. Investment in compliance technology is growing, but it may not be sufficient. Organizations need to prioritize ethical technology use and incorporate innovation into their broader compliance strategy.