Whistle Blower Policy

Akshay MittalGaurav DewanRachit ChilanaRahul KumarRajan Raj GiriRasdeep SinghRavi ThackerNikhil KoulYash Chauhan

Edward Snowden

PRISM

What is a Whistleblower?

Whistleblower

(noun) a person who makes public disclosure of

corruption and wrongdoing in an

organisation

Types of Whistle blowing

Issues that can be Reported

ReputationCostOperationsMotivation and MoraleStakeholderLegal Sanctions

Consequences for Whistle Blower

Fired or demoted

Law Suit

Physical and Emotional Abuse

Bankruptcy

Imprisonment

Attempted Suicide

Financial Constraint

Bullying

Whistle Blower Protection Policy

Whistle Blowers Protection Act (2014)

Companies Act 2013

Whistle Blower Protection Act, 2014 The Act seeks to protect whistle blowers, i.e. persons making a public interest

disclosure related to an act of corruption, misuse of power, or criminal offense by a public servant.

Any public servant or any other person including a non-governmental organization may make such a disclosure to the Central or State Vigilance Commission.

Every complaint has to include the identity of the complainant.

The Vigilance Commission shall not disclose the identity of the complainant except to the head of the department if he deems it necessary. The Act penalizes any person who has disclosed the identity of the complainant.

The Act prescribes penalties for knowingly making false complaints.

The Bill prohibits the reporting of a corruption related disclosure if it falls under any 10 categories of information.

Companies Act, 2013Whistle Blower Policy

Listed companies and companies which accept deposit from public or have borrowed money from the banks and PFI’s in excess of Rs. 50 crore.

Audit Committee shall oversee the vigil mechanism otherwise Board shall nominate a director

Ensure safeguards against victimisation of employees and directors, direct access to chairperson of the Audit Committee

Display policy on the company website, if any

“Vigil mechanism” to be included in Board’s report

Ensure that interests of a person who uses the mechanism are not prejudicially affected

Famous whistle blowers in IndiaSpots financial

irregularity in handling of Golden Quadilateral project.

Sent letter to PM revealing how ineligible contractors submitted false proof to claim financial and techical expertise.

Later, he was shot dead in Gaya.

Satyendra Dubey

S. Manjunath

Was a marketing manager for Indian Oil Corporation

Murdered for sealing a petrol station in Lakhimpur Kheri district

This incident inspired students to set up “The Manjunath Shanmugan Trust”

Lalit Mehta

A civil engineer by qualification, Lalit, 36, blew the lid off widespread corruption in nregs in Palamu.

He had become a threat to the contractor lobby and corrupt government officials.

Social audit of nregs he undertook under economist Jean Drze's supervision was proving to be the final nail in the coffin of the contractor lobby.

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