WHISTLE BLOWING Group 01 NameRoll No. Sameer Ashar03 Ravindra Chhangani11 Ramesh Mallya30 Vipul...
-
Upload
grace-wells -
Category
Documents
-
view
217 -
download
0
Transcript of WHISTLE BLOWING Group 01 NameRoll No. Sameer Ashar03 Ravindra Chhangani11 Ramesh Mallya30 Vipul...
WHISTLE BLOWING
Group 01
Name Roll No.
Sameer Ashar 03
Ravindra Chhangani 11
Ramesh Mallya 30
Vipul Bhandari 62
SCOPE OF PRESENTATION
Concept of Whistle blowing
How & When - To do Whistle blowing
Whistle blowing is beneficial or not
Laws of Whistle blowing
Companies adopted policy
Case Studies
What is Whistle blowing?
• A whistleblower is an employee, former employee, or member
of an organization, especially a business or government
agency, who reports misconduct to people or entities that
have the power and presumed willingness to take corrective
action.
Who is Whistleblower?
•Whistle blowing in its most general form involves calling(public)
attention to wrong doing, typically in order to avert harm
•Whistle blowing is an attempt by a member or former member
of an organization to disclose wrong doing in or by the
organization
Types of Whistle blowing
Internal
Personal
External
• Internal Whistle blowing is made to someone within the organization
• Personal Whistle blowing is blowing the whistle on the offender, here the
charge is not against the organization or system but against one individual
• External whistle blower is complaint is made to an outside body, like
newspaper and other forms of media
How to Whistle blow?
Do it anonymously
Collect any hard evidence
Work through internal channels
Work through external channels
When to Whistle blow?
Consult with independent observera) If matter is material and b) Misleading to company in a harmful manner
Utilize formal appeals mechanisms-before consulting superiors
c) If superior is involved, notify people in responsible positions including the board of directors
If internal appeals fail, what's next?d) Consult with independent outside observers whether harmful
consequence can be prevented or stopped.e) Public awareness (if only way to stop the problem)
Point of view
People’s
1. Need for truth
2. Better relation between the public and company
Company’s
1. Accuses whistle blowers of breaching confidentiality agreement.
2. Can view whistle blowing as an act towards money and fame
Whistleblower's
1. Caught up between integrity, commitment and truth.
2. The consequences of the blowing the whistle are pretty immense
and heavy
Protection laws Whistleblower protection refers to laws and
regulation that offers protection who exposes wrongdoing and dishonest activities. The wrongdoing may take the form of fraud, corruption or mismanagement.
Also, it offers punishment against false complaints.
Whistleblowing policy in India 2003: Narayan Murthy pressed for whistleblowing policy for
corporate governance standard in India
2010: ‘Public Interest disclosure and protection to person disclosing
bill tabled’ in Loksabha
2011: Bill passed in Loksabha after getting consent from cabinet
2014: Bill passed in Rajyasabha
May 9th, 2014: Bill got consent from President
The Act has not come into force till now
Whistle blowing Policy implemented by Indian companies
Wipro: employees are encouraged to report any conduct that results in violation of the company's code of business conduct and ethics
Tata motors: A mechanism to approach the Ethics Counsellor/ Chairman of the Audit Committee
Steel Authority of India Limited: Follows the Whistle Blower Policy of Central Vigilance Commission (CVC)
Advantages Disadvantages
Whistle blowing leads to good results
Diminishes Trust in the Workplace
Severe damage to the environment has been stopped by the actions
Can Negatively Affect Your Career
The actions of whistle blowers are potentially beneficial to society
Can Destroy the Company
Risk to Personal Safety
Case 1: Satyanendra Dubey• An IITian and Indian Engineering Services
(IES) officer
• Project Director in the (NHAI) at Koderma, Jharkhand
• Exposed corruption in the Golden Quadrilateral highway construction project
• Exposed large-scale flouting of NHAI rules regarding sub-contracting and quality control
• Assassinated on 27 November 2003
• This case ignited tremendous public hue and cry
Case 2: Shanmughan Manjunath• An IIM, Lucknow graduate
• A manager (grade A officer) for the Indian Oil Corporation (IOC)
• Ordered two petrol pumps at Lakhimpur Kheri sealed for selling adultered fuel
• When the pump started operating again he conducted a surprise raid
• Murdered on 19 November 2005
• A pan IIM initiative, "The Manjunath Shanmugam Trust" registered
Case 3: Dinesh Thakur• A former director of project and information
management at Ranbaxy
• Exposed company falsifying drug data and violating good management practices
• Ranbaxy pleaded guilty to charges related to the manufacture and distribution of certain adulterated drugs
• May 2013: Ranbaxy fined for 500 bn USD
• Dinesh Thakur awarded with 50bn USD: Civil settlement lawsuit under the qui tam, or whistleblower, provisions of the False Claims Act:
Conclusion“Too see wrong and not to expose it, is to become a silent
partner to its continuance”. - “Dr. John Raymond“
• Whistle-blowing is a moral obligation and the deeper interests of the professional, morality
• Whistle blowing is the right decision depends on its outcome
• Whistle blowing is an issue received public attention and systematic study
• Need to have a well-developed theoretical framework to support it
• To save the interest of all stakeholders and no more person's loss their lives, a strong whistle blowing policy is need of an hour
Thank You
Keep Whistling