Are Whistle Blowers Inevitable? Yes since: Corporate fraud will continue to happen Competing personal ethics exist Rewards for whistle blowing are being introduced But numbers are likely to be on the decline as: Knowledge and experience of corporations and employees is growing Laws, regulations and audits are becoming more stringent
Should Whistle Blowers be protected? Protecting Whistle Blowers is important since they: Demonstrate high moral and ethical standards Are pillars of the corporate world, and act positively to ensure ethical standards are upheld Face personal risk from the corporations they work for
Employing Whistle Blowers Would you employ Sherron Watkins, Cynthia Cooper, Colleen Rowley? For: Desirable Characteristics – work ethic, loyalty(?), trust Builds ‘clean’ business reputation Against: Alternative Actions were available for exploration Negative publicity Poor employee and colleague sentiment Questionable Corporate loyalty
Whistle Blowing Incentives What outcomes might paying Whistle Blowers lead to? Costs Counter Productivity More elaborate schemes developed Greater secrecy Greater Monitoring Costs Prevents internal remedies Benefits Stakeholder Protection Early intervention, leading to more incentive for firms to be clean Corporate Reputation
Your consent to our cookies if you continue to use this website.