Whistle Blowing Policy: A Revered Tool for Corporate Governance

2021 ◽  
Vol 56 (6) ◽  
pp. 90
Author(s):  
Gunjan Khanna
Keyword(s):  
Corporate Governance ◽  
Whistle Blowing

scholarly journals To report or not to report

2013 ◽  
Vol 16 (1) ◽  
pp. 13-25 ◽  
Author(s):  
Warren Maroun ◽  
Harvey Wainer
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
South African ◽  
Regulatory Reform ◽  
External Audit ◽  
Whistle Blowing ◽  
Definition Of ◽  
Governance Processes

Whistle-blowing can play an important role in enhancing the effectiveness of corporate governance processes. In particular, legislation mandating that auditors blow the whistle on their clients’ transgressions can assist in overcoming agency-related costs and improve confidence in external audit. This is, however, only the case if regulatory reform enjoys cohesion. The Companies Act No. 71 of 2008, by introducing a definition of ‘reportable irregularities’ different from that in the Auditing Profession Act No. 26 of 2005 (APA); excluding ‘independent reviews’ from the scope of APA; and effectively exempting the majority of South African companies from the requirement either to be audited or reviewed, may materially undermine whistle-blowing by auditors in South Africa. In turn, this begs the question: for how long will South Africa rank first globally for the quality of its auditing practices? 

Whistle-Blower Mechanism at Corporate Governance

2014 ◽  
pp. 56-61
Author(s):  
Uttam Kumar Dutta
Keyword(s):  
Corporate Governance ◽  
Whistle Blowing ◽  
The Public ◽  
Indian Industry

The collapse of Enron, WorldCom, etc. made the importance of corporate governance clear to the Indian industry, the polity, and the public. In the pursuit of better corporate governance, a whistle-blowing mechanism is considered to be highly desirable. The chapter highlights whistle-blowing in corporate governance with the help of the Satyam episode.

Unethical Financial Reporting: An Empirical Analysis of Causes and Consequences

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
Ajay Kumar Singh ◽  
Sakshi Vasudeva
Keyword(s):  
Corporate Governance ◽  
Factor Analysis ◽  
Discriminant Analysis ◽  
Stock Market ◽  
Financial Reporting ◽  
Court Cases ◽  
Whistle Blowing ◽  
Self Interest ◽  
Stock Market Valuation ◽  
Chartered Accountants

The study attempts to identify the major causes and consequences of unethical financial reporting. We also try to find out if these causes and consequences discriminated between two groups of respondents. The study is based on primary survey with respondents including Chartered Accountants and commerce/ management teachers in Delhi. Using factor analysis and discriminant analysis, we find that ‘delay in final judgement of fraud related court cases’ is the most important cause of unethical financial reporting followed by ‘inadequate punishment for defaulters’. Other important identified causes were protection of self-interest of the auditor and the company, lack of effective corporate governance in the company, and whistle-blowing issues. The identified consequences include law suits against the company as the most important one, followed by increase in the volatility in stock market. The most important factor identified is the decline in the stock market valuation followed by loss of credibility of the company. The results also varied among two groups of respondents for identifying factors of causes and consequences.

Encouraging Whistle Blowing to Improve Corporate Governance? A Malaysian Initiative

2012 ◽  
Vol 115 (2) ◽  
pp. 367-382 ◽  
Author(s):  
Shanthy Rachagan ◽  
Kalaithasan Kuppusamy
Keyword(s):  
Corporate Governance ◽  
Whistle Blowing

scholarly journals Corporate Governance Disclosure and Financial Performance of Deposit Money Banks in Nigeria

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Thankgod C. Agwor ◽  
Njokuji Ignatius Amuchechukwu
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Board Of Directors ◽  
The Body ◽  
Least Square ◽  
Annual Reports ◽  
Whistle Blowing ◽  
Risk Framework ◽  
Code Of Corporate Governance ◽  
Governance Disclosure

Given that a key mechanism of corporate governance is corporate disclosure, this study, anchored on agency theory and stakeholder theory, examined the effect of corporate governance disclosure on the financial performance of deposit money banks quoted on the Nigeria Stock Exchange. Based on the provisions of the Code of Corporate Governance for Public Companies in Nigeria, 2011 and the Code of Corporate Governance for Banks and Discount Houses 2014, the study developed a disclosure checklist and employed content analysis method to extract corporate governance from 78 annual reports of thirteen Nigerian deposit money banks from 2011 to 2016. The study categorized corporate governance disclosure into three – corporate governance disclosure on board of directors, corporate governance disclosure on risk framework, and corporate governance disclosure on whistle blowing policy. It constructed an overall corporate governance disclosure index as well as sub-indices corresponding to the three categories of corporate governance disclosure. The study formulated ten hypotheses and ranked ordinary least square methods of multiple regressions to explore the relationship between corporate governance disclosure and the financial performance of deposit money banks in Nigeria. The result showed a positive and significant association between overall corporate governance disclosure and the financial performance of deposit money banks in Nigeria. The result of the OLS regressions also supported a positive effect of corporate governance disclosure on board of directors and whistle blowing policy on the financial performance of the deposit money banks in Nigeria. Contrary to expectation, the study failed to document a significant association between corporate governance disclosure on risk framework and financial performance of deposit money banks. This study has contributed empirically to the body of knowledge by providing broader understanding of the effect of corporate governance disclosure on the financial performance of a critical sector of the Nigerian economy. Methodologically, the study is one of the few that developed disclosure checklist based on the provisions of both codes of corporate governance of Securities and Exchange Commission and Central bank of Nigeria and employed ranked OLS.

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