A ticking time bomb? Whistleblowing in 2018
- sharon9694
- May 10, 2018
- 1 min read
As Jess Staley of Barclays has recently found to his detriment, whistleblowing systems are starting to receive more more support from Boards and by control functions in order to protect companies and encourage people (employees and others) to speak up. Perhaps we would not have had the Wells Fargo, Volkswagen and other fiascos if properly designed and supported systems were in place, together with a braver Board. We dare to guess that Barclays was forced into a corner when Staley's double attempt to discover the whistleblower became known to the public (leading to his censure, cut in bonus and later shareholder ire at the AGM), however the subsequent discussion about culture became a necessary and welcome addition to the Board agenda as essentially everything comes down to ethics and culture.
A good summary of some other recent and historical events is noted in Fraud Magazine at http://www.fraud-magazine.com/cover-article.aspx?id=4295001035.
Recent Posts
See AllSharon Ditchburn FCPA was pleased to moderate the CPA Australia series presentation on "ESR - What Next?" given by Warren Luyt, Managing...
Capital Advantage in association with Robert Walters has launched the Coffee Club Webinar Series, an insightful program for compliance,...
Given the current turmoil in the world, it is critical that Directors remain fully aware of their duties and responsibilities, regarding...
Comments