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Business Reporter
Nation Media Group
Chief executive officers (CEOs) of public and private companies face a Sh3 million fine and a prison term of up to 24 months for failing to set up a whistleblower system, the Attorney General’s office has said in a proposed law as the government makes a fresh push to curb fraud and the loss of public funds.
Under the proposed law, chief executives will be required to establish a framework to protect employers who make disclosures of public interest, including the misappropriation of public funds or assets, bribery, corruption, or economic crime.
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