Risking It All

3 April 2008

Hilton Cyprus

How should your Board respond to allegations of fraud, bribery and corruption?
A movie drama “Risking It All” produced by PricewaterhouseCoopers

PricewaterhouseCoopers Cyprus presented on Thursday, 3 April 2008 at Hilton Cyprus, a 30 minute movie drama "Risking It All", produced by PricewaterhouseCoopers, in an exclusive first screening.

“Risking It All”, in line with the new EU 8th Company Law Directive, shows how the audit committee, senior management and external auditors of a company react to a crisis situation, demonstrating what could go wrong if correct decisions are not made at key moments. The movie considers the consequences of fraud being detected in a public company and is aiming to help company officials understand their obligations and the importance of reacting promptly and properly to any evidence of illegal activity.

In his introductory speech, Dinos Papadopoulos, Deputy Managing Partner of PricewaterhouseCoopers Cyprus noted that "The internationalisation of enterprises, the multiplication and the complexity of actions and systems, the rapid growth of technology and the pressure for high performance, are strong factors that give the possibility and increase the occasions of perpetration of fraud. The continuous exposure of companies in such dangers, imposes in their managerial executives to ensure that they allocate programs of control and effective protection from such phenomena."

Following the screening of the movie, a panel discussion took place with experts on the subject, including representatives of local regulatory authorities who addressed the subject from their authority’s perspective:

• George Charalambous – Chairman, Securities and Exchange Commission
• George Koufaris - Chairman, Cyprus Stock Exchange
• Christos Mavrellis - Senior Partner, Chrysses Demetriades & CO
• Duncan Wiggetts, PricewaterhouseCoopers Eurofirms Assurance Legal Counsel and Vice-Chair of the International Bar Association Corporate Counsel Forum
• Neil Gerrard - Partner in the international law firm DLA Piper, Head EMEA of DLA’s Government and Regulatory Affairs Group
• Chris Santis - Assurance Leader, PricewaterhouseCoopers Cyprus.

invitation - (202 KB)

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