Despite audit and compliance professionals often having a simple job of ensuring regulatory and compliance stability, there are times where some individuals may break off from the pack.
This can often be seen in cases of fraud and other misdeeds within an organisation. When this discover by any employee, it becomes vital that they speak up. However, the growing stigma and potential for punishment for ‘whistleblowers’ means some individuals can feel uncomfortable with speaking truth to power.
In a recent post by Diligent, the company outlined the reasons and ways that organisations can and should create a safe channel for whistleblowers to come forward.
The company remarked, “Rather than fearing these whistleblowers, business leaders should encourage open communication and create systems to address problems internally. Today’s stakeholders — which include not only investors, but also employees, customers, partners and vendors — expect and demand ethical behaviour, which is why it’s so important for companies to address problems from within, before they’re called out for inaction or accused of a cover-up.”
Diligent recently gathered three whistleblowers at the 2022 Modern Governance Summit. These included Sherron Watkins – who blew the whistle on the fraudulent accounting practices of Enron in 2002, Cynthia Cooper – who helped expose $3.8bn in fraud at WorldCom also in 2002, and Frances Haugen, who disclosed tens of thousands of Facebook’s internal documents to the SEC in...
You are reading the second issue of the Disinformation Monitor. It is published on a monthly basis and provides an overview of developments on the disinformation scenes on NATO’s eastern frontier....