Hand CuffsGood Governance

Time to Clean up the Public and Private Sectors

October 03, 2012

79% of respondents agree that corruption has become a way of life in the public sector, while 62% of respondents believe the same for the private sector in South Africa. These shocking statistics were the result of four consecutive polls on the website of The Ethics Institute of South Africa (www.ethicssa.org) run from April to…

Whistle BlowersInternal Audit

See us at the 15th Annual Southern African Internal Audit Conference

August 15, 2012

The Institute of Internal Auditors (IIA) SA is hosting the 15th Southern African Internal Audit Conference from the 13 -15th of August 2012, at the Sandton Convention Centre. The event is expected to attract between 1000 – 1500 key decision makers and advisers within the internal auditing profession, from both private and public sector organizations….

Whistle BlowersFraud Prevention

Fraud Prevention Policy – A Whistle Blowing System is Needed

February 29, 2012

A whistle blowing system system is an essential element of any fraud preventing policy. The Companies Act (2008) – Section 159 states in item (7)….“a public company and state owned company must directly or indirectly – (a) establish and maintain a system to receive disclosures contemplated in this section confidentially and act upon them a….

Whistle BlowersGood Governance

How to Implement Sound Corporate Governance

February 20, 2012

The terminology surrounding “Corporate Governance” and its significance in the affairs of business, in general, has crept into the corporate world relatively recently. It is reflected in the King Reports I, II and III and is dealt with in detail in the new Companies Act (2008). A definition of corporate governance: “Corruption wrecks good governance,…

Whistle BlowersEthics

Ethics Hotline Best Practices

February 09, 2012

  In its fourth global economic crime survey, Pricewaterhouse Coopers Southern Africa (PwC) reported the following – Whistle Blowing Programmes – Best Practice Tips: “Safeguard employees who report misconduct against any form of retaliation (i.e. threats, harassment and demotion) – allow for anonymous reporting. Make certain employees report incidents outside their chain of command –…

Whistle BlowersWhistle Blowing

How Effective are Whistleblowing Systems?

September 08, 2011

The effectiveness of the so-called “hotline or fraud line” in gathering vitally important information on wrong doing or detrimental behaviour in the workplace is significant. A Whistleblowing system is an innovative solution to dishonesty, fraud and other inappropriate behaviour in the workplace.It doesn’t matter whether you’re an employee, customer, supplier, manager or shareholder. With a…

Whistle BlowersEthics

Whistle Blowers – Global Players in Ethics Preservation

August 31, 2011

It is reassuring for us to know that our strategic planning and overall vision for the company is in line with the current global sentiment. It was with great interest that I watched Carte Blanche as two well known advisors identified India and the rest of Africa as emerging markets. From their standpoint it appears…

Whistle BlowersPolicy

Corporate Whistle Blowing Policy

August 23, 2011

The government and the business community have placed enormous emphasis on corporate governance in the last few years. So much so that the new companies act (2008) which came into being in May this year (and which replaces to old act of 1973) clearly stipulates in section 159 that “a public company and a state-owned…

Whistle BlowersEthics

Corporate Whistle Blower Initiative

August 16, 2011

“Corruption wrecks good governance, inhibits development and sustains despotism. This can translate into economic and social failure; not only an affront to decency, but the tinder that ignites conflict. Stamping out corruption altogether may be unrealistic, making the world less hospitable to crooks, is not.” (Economist / London 10 April 2007) How then should organisations…

Hand cuffsWhistle Blowing

Whistle Blowing South Africa

August 01, 2011

Whistle Blowers South Africa is a powerful, cost-effective intelligence gathering subscription service, which would provide a means for the employees, clients and suppliers of the client company to report any irregular activities which may be taking place within the organization. These irregular activities could include, but are not restricted to, theft, fraud, bribery, unethical practices…

Whistle BlowersWhistle Blowing

Whistle Blowers: FAQ’s

July 21, 2011

The effectiveness of the so-called “hot line” / “fraud line” in gathering vitally important information on wrong doing or behavior that is detrimental to the business is significant. But what are the “ins and outs” of installing such a system?