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Whistleblowers: the directors' ally
Whistleblowing is a tool to report staff misconduct that no board can afford to be without.
HEADLINE CASES: Mr Woodford had exposed Olympus' loss-hiding arrangements, one of the biggest and longest-running in Japan's corporate history, while Ms Watkins was named one of Time's 'Persons of the Year' in 2002 for exposing financial scandals at Enron.
PHOTO: BLOOMBERG
HEADLINE CASES: Mr Woodford had exposed Olympus' loss-hiding arrangements, one of the biggest and longest-running in Japan's corporate history, while Ms Watkins was named one of Time's 'Persons of the Year' in 2002 for exposing financial scandals at Enron.
PHOTO: BLOOMBERG
WHETHER one likes it or not, misconduct by employees (including fraud) can happen in any company. It is difficult for directors to be on top of the problem areas, particularly when there is collusion. Help is at hand, in some circumstances, from those who are close to the action and report the...
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