Insights
-
Aberjhani
WE KEEP OUR CLIENTS UP-TO-DATE WITH BEST PRACTICES IN THE MANAGEMENT OF WHISTLEBLOWING FROM AROUND THE WORLD
We monitor local and global developments in the fields of whistleblowing, governance, ethics, compliance and anti-corruption on an ongoing basis to bring you evidence-based recommendations for the effective management of your ethics hotline and the creation of a workplace culture of integrity.
Whistle Blowing Blowing the whistle pays and this was evident in an article written for Fin24.com and stated that “The Competition Commission has experienced a dramatic increase in the number of companies blowing the whistle on anticompetitive and collusive behaviour. This has enabled it to collect fines worth over four times the annual budget allocated to it…
Whistle Blowing Once again whistleblowing has been demonstrated to be of enormous value in exposing those involved in corruption. An investigation by the International Consortium of Investigative Journalists into off-shore holdings of people and companies in more than 170 countries and territories hiding trillions of dollars in income and assets was recently released. Read the full article…
Latest News The Financial Times recently reported that whistle blowers are playing an increasingly important role in uncovering corporate problems in the UK, where 37 per cent of companies surveyed in 2012 reported that they had been the target of a would-be informer. Read more on this hot topic http://www.ft.com/intl/cms/s/0/5db40682-8015-11e2-adbd-00144feabdc0.html#axzz2Me0Nddzr
Latest News In our previous post we shared the story of how a whistle blower known as “Mrs M” working at the Department Of Justice was victimised for speaking out against those who were involved in maladministration. In a statement from our Managing Director, Reg Horne (full report on Iol.co.za) agreed that “Many countries, including our own,…
Latest News A recent report by Public Protector Thuli Madonsela found that the Department of Justice ignored the issues reported of a whistle-blower and failed to take proper action of allegations of maladministration. The complainant only known as “Mrs M”, claims she had been victimised and harassed after she had uncovered fellow employees were misappropriating funds. Read…
Whistle Blowing Art theft is the third most lucrative crime in the world, after drugs and illicit arms sales, according to Interpol and the FBI. However, in South Africa it is not very common, despite our high crime rate. Last Sunday (11th) five artworks were stolen from the Pretoria Art Museum’s permanent collection, when three men, under…
Good Governance Transparency International’s latest 2011 Corruptions Index ranks South Africa 64 out of 182. (New Zealand is top and Somalia bottom). At 32 Botswana is the highest ranking African country. In spite of this, less than two out of 10 South Africans (18%) have blown the whistle based on the 2011 survey findings for the Open…
Good Governance 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…
Internal Audit 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….
Fraud Prevention 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….
Good Governance 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,…
Ethics 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 –…
