Wednesday, December 18, 2019

Reducing the Risk of Whistleblowers - 732 Words

Reducing the Risk of Whistleblowers There are varied motivations that drive whistleblowers to take action. As Schrieber (2006, 42) explains, whistleblowers manifest in myriad ways, from disgruntled employees or customers to high-level executives trying to do what they see as the right thing. Thus, their motivations are just as likely to be altruistic as they are self-serving. Regardless, whistleblowing reflects poorly on the company and can severely damage the companys well-being, as the cases of Enron and Freddie Mac testify. There are, however, a number of measures that corporations can take to protect themselves. First, a company should anticipate that whistleblowing will occur; jaded employees invariably exist, and while a company should do their best to promote worker satisfaction, whistleblowing may still occur. Accordingly, the company should construct complaint procedures, internal investigation procedures, and a training program for managers and high-end officials, as this w ill allow them to quickly and efficiently deal with whistleblowing before it reaches a court of law. It is also necessary to keep track of employees behavior, in order to identify the possibility of whistleblowing occurring before the event takes place. In order to protect whistleblowers, it is necessary to disclose as little as possible and avoid retaliation, which is illegal. A recent whistleblowing case resulting in $46.5 million dollars in settlement paid to a group of whistleblowersShow MoreRelatedWhistleblowing And Its Impact On Organizations1211 Words   |  5 Pagesincrease awareness in organizations. Whistleblowers identify weaknesses, neglect, and abuses within the organization and then raise an alarm to inform the public that their very interests in the organization are at stake. For example, a teacher who informs educational officers of lavish lifestyles and misappropriation of resources by school heads, a cabinet secretary who informs the Congress of misuse of resource s in the cabinet. As they perform this, the whistleblowers know very well that their actionsRead MoreThe Ima Statement Of Ethical Professional Practice1053 Words   |  5 Pagesat WorldCom, but it is better to do the ethical thing and reveal the unethical activity to the public then to tarnish her professional reputation and risk being punished legally. With her reputation as an ethical professional intact, she will be able to find many other management positions at other companies within the industry. 4.) A whistleblower is someone that speaks up against his or her company to proclaim and uncover any illegal or unethical activity going on by members of the organizationRead MoreEmployee Industrial Relations and Strategic Hrm1301 Words   |  6 Pagesimportantly the company recognizes it. In order to make it official, it should be documented. This motivates the employee to continue to do great job and contribute to the success of the organization and their own future. Complaint systems and whistleblowers: Whistleblowers can be from present or former employees. They can be customers or high level executives. Their concerns can be about securities fraud, sexual harassment and other contentious areas and can be very demanding and challenging for companiesRead MoreMonitor Company s Internal Control Function1096 Words   |  5 Pagesnever been more important for audit committees or boards as a whole.† – Message from Cathy Engelbert, CEO, Deloitte LLP, Audit Committee Guide February 2015 â€Å"Listing requirements and SEC rules, as well as how companies address various enterprise risks, are placing heavy demands on audit committees.† - Mary Jo White, Securities and Exchange Commission Chair, Keynote Address at 2015 AICPA National Conference, 12/9/2015 (available at https:/www.sec.gov/news/speech/keynote-2015-aicpa-white.html) InRead MoreThe Common Types Of Health Care Fraud1231 Words   |  5 Pages whereas fraud can. 4) What are four possible solutions in identifying and reducing fraud and abuse? a. Training and education b. Implementation of computer-assisted coding c. Increased federal enforcement of fraud and abuse monitoring d. Use of data and modeling and data mining 5) Define both traditional and analytic fraud risk assessments and distinguish between the two. a. The traditional approach to fraud risk assessment involves taking a retrospective view of what has occurred over anRead MoreMaterial Disclosure Of Risk Assessment And Implications Of Environmental, Social, And Governance Essay805 Words   |  4 Pages1.0 INTRODUCTION It is through the guidelines report that material disclosure of risk assessment and implications of environmental, social, and governance (ESG) factors is increasingly important, therefore companies need to raise awareness, management, and responsibility in offering more substantiated reporting. Investors willingly seek information that is relevant to â€Å"identify and manage [...] ESG investment risks† (Financial Services Council [FSC] 2015). ESG has become synonymous with sustainabilityRead MoreThe Health Insurance Portability And Accountability Act Of 19961022 Words   |  5 Pagesthe security of electronic protected health information and the HIPAA Breach Notification Rule, which requires covered entities and business associates to provide notification following a breach of unsecured protected health information. Due to new risk involved in patient privacy â€Å"the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Eco nomic and Clinical Health Act (HITECH) include national standards for the privacy of protected health informationRead MoreOsha s Influence On Human Capital Management1364 Words   |  6 PagesLyndon Johnson brought congress together to discuss job safety and health programs for American workers. President Johnson stated, â€Å"It is unacceptable for a modern industrial nation like the United States to not have tougher regulations aimed at reducing the rate of workers injured or killed on the job† (AllGov). Unfortunately, President Johnson was unable to persuade congress to pass such legislation. This task was soon left in the hands of President Richard Nixon, who later passed the OccupationalRead MoreTo Tell or Not to Tell? the Ethical Dilemma of the Would-Be Whistleblower7190 Words   |  29 Pageshttp://www.tandfonline.com/loi/gacr20 To Tell or Not to Tell? The Ethical Dilemma of the Would-Be Whistleblower Janet Malek Ph.D. a a Department of Medical Humanities, Brody School of Medicine, East Carolina University, Greenville, North Carolina, USA Available online: 11 May 2010 To cite this article: Janet Malek Ph.D. (2010): To Tell or Not to Tell? The Ethical Dilemma of the Would-Be Whistleblower, Accountability in Research, 17:3, 115-129 To link to this article: http://dx.doi.org/10.1080/08989621003791929 Read MoreMotivation Is More Than Getting People For Work For A Paycheck805 Words   |  4 Pagesdifference in a successful company† (Hull, 2013, para. 3). For example, motivated employees tend to work faster and are often are more creative in completing task saving the company money. Motivated employees are less likely to leave a company, reducing turn over which, also, save money and time in training. Motivated employees will often make better products and be more innovative which could lead to increased profits. Finally, motivated employees are happy employees. (Leadership-central.com)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.