Whistleblowing : Recent Developments and Implementation Issues

These studies show that while whistle blowing is an important component of the corporate governance system of an organization, whistle blowers often face persecution. In this article reviews legislation that has been introduced to protect whistleblowers in a number of countries. The article also discusses the importance of the right corporate culture and attitudes towards whistle blowing, which are arguably just as important as legislation protecting whistle blowers. The article then discusses two real-life case studies on whistle blowing and concludes with key implementation issues which should be considered in developing a whistle blowing policy.

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Bibliographic Details
Main Author: World Bank
Format: Brief biblioteca
Language:English
Published: World Bank, Washington, DC 2007-01
Subjects:ABUSE, ABUSES, ABUSES OF POWER, ACCOUNTABILITY, ACCOUNTING, AUDIT COMMITTEE, AUDITOR, AUDITORS, BANKRUPTCY, BOARD MEETING, BOARD MEMBER, BOARD MEMBERS, BOARDS OF DIRECTORS, BRANCH, BREACH OF DUTY, CEO, CERTIFIED PUBLIC ACCOUNTANTS, CHAIN OF COMMAND, CHIEF EXECUTIVE, CHIEF FINANCIAL OFFICER, CIVIL LIABILITY, COMPANIES ACT, COMPANY, COMPANY LAW, COMPLAINT, COMPLAINTS, COMPLIANCE OFFICER, CONFIDENCE, CONFLICT OF INTERESTS, CORPORATE CULTURE, CORPORATE GOVERNANCE CODE, CORPORATE GOVERNANCE SYSTEM, CORPORATION, CORPORATIONS, CORPORATIONS ACT, CRIMINAL, CRIMINAL LIABILITY, DISASTER RECOVERY, DISCRIMINATION, DISPUTE RESOLUTION, DUTY OF CARE, DUTY OF LOYALTY, ECONOMIC COOPERATION, EMPLOYEE, EMPLOYER, EMPLOYMENT, EMPLOYMENT CONTRACT, EMPLOYMENT LAW, EMPLOYMENT LAWS, EMPLOYMENT OPPORTUNITIES, FAMILY OWNED COMPANIES, FIDUCIARY DUTIES, FINANCIAL FRAUD, FRAUD, FRAUDS, GLOBAL CORPORATE GOVERNANCE, GOOD FAITH, HUMAN CAPITAL, INDEPENDENT PARTY, INDIVIDUALS, INTEGRITY, INTERNATIONAL FINANCE, INVESTIGATION, INVESTIGATIONS, INVESTIGATOR, JUSTICE, LAW ENFORCEMENT, LAWYER, LEGAL ADVICE, LIBEL, LIMITED, LTD., MANAGERS, MEDIA, MINISTER, MISREPORTING, PARTY, PERSECUTION, PERSONS, PRIVATE COMPANIES, PRIVATE COMPANY, PUNISHMENT, RECEIPT, REGULATORY AUTHORITIES, REGULATORY AUTHORITY, REMEDIES, REMEDY, RISK OF LOSS, SCANDAL, SECURITIES, SECURITIES LAWS, SECURITIES REGULATOR, SHAREHOLDERS, SOCIETIES, SOCIETY, STAKEHOLDERS, SUBSIDIARY, SUICIDE, THEFT, TRANSPARENCY, WHISTLE BLOWER, WHISTLEBLOWER, WHISTLEBLOWING,
Online Access:http://documents.worldbank.org/curated/en/2007/01/8316649/whistleblowing-recent-developments-implementation-issues
http://hdl.handle.net/10986/11172
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Summary:These studies show that while whistle blowing is an important component of the corporate governance system of an organization, whistle blowers often face persecution. In this article reviews legislation that has been introduced to protect whistleblowers in a number of countries. The article also discusses the importance of the right corporate culture and attitudes towards whistle blowing, which are arguably just as important as legislation protecting whistle blowers. The article then discusses two real-life case studies on whistle blowing and concludes with key implementation issues which should be considered in developing a whistle blowing policy.