Whistleblower Policy
Abstract
In today’s age of globalisation , wherein corporations have no conscience while they run the rate race of profit making , all virtues and traditions of the art of doing business take a backseat. The ethics of emergencies are never implemented and economic virtues precede over everything else. In such a scenario, it becomes all the more imperative to prevent violations itself from becoming norms, to protect public interest from huge corporate scandals.
In an attempt to safeguard the corporations and the economy on the whole, a robust whistleblower policy as part of the corporate governance strategy is a very valuable tool. It empowers employees to act on incidences of misconduct and help maintain a safe workplace, while protecting profits and reputation.
1. Introduction
“If you must sin, sin against God, not against the bureaucracy. God may forgive you, but the bureaucracy never will!”
— Admiral Hyman Rickover, U.S.A
The quote describes the ultimate fate of wrongdoers or partners in corporate malpractices and signifies the importance of the role of the whistleblower in today’s society, where increasing emphasis is placed on corporate governance in a direct response to corporate collapses. The main motive of corporate governance is to strike an appropriate balance between “independence” and “control” which translates to the correct differentiation between “transparency” and “accountability”
The term “Whistleblowing” is a relatively recent entry in the public and corporate affairs vocabulary but the phenomenon or the process has been into development for long. It originated from the practice of English Bobbies who would blow their whistle when they noticed the commission of a crime. The blowing of the whistle would alert both law enforcement officers and the general public of danger.
The formal definition goes something like -: the process by which
In today’s age of globalisation , wherein corporations have no conscience while they run the rate race of profit making , all virtues and traditions of the art of doing business take a backseat. The ethics of emergencies are never implemented and economic virtues precede over everything else. In such a scenario, it becomes all the more imperative to prevent violations itself from becoming norms, to protect public interest from huge corporate scandals.
In an attempt to safeguard the corporations and the economy on the whole, a robust whistleblower policy as part of the corporate governance strategy is a very valuable tool. It empowers employees to act on incidences of misconduct and help maintain a safe workplace, while protecting profits and reputation.
1. Introduction
“If you must sin, sin against God, not against the bureaucracy. God may forgive you, but the bureaucracy never will!”
— Admiral Hyman Rickover, U.S.A
The quote describes the ultimate fate of wrongdoers or partners in corporate malpractices and signifies the importance of the role of the whistleblower in today’s society, where increasing emphasis is placed on corporate governance in a direct response to corporate collapses. The main motive of corporate governance is to strike an appropriate balance between “independence” and “control” which translates to the correct differentiation between “transparency” and “accountability”
The term “Whistleblowing” is a relatively recent entry in the public and corporate affairs vocabulary but the phenomenon or the process has been into development for long. It originated from the practice of English Bobbies who would blow their whistle when they noticed the commission of a crime. The blowing of the whistle would alert both law enforcement officers and the general public of danger.
The formal definition goes something like -: the process by which