While it is time for a comprehensive review of whistleblower policies, India needs a centralised repository for lodging corporate whistle-blower complaints. Discuss
Refer - Business Standard
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· The law and practice around handling complaints from whistle-blowers has evolved organically, and not by a push from a law.
· Company law and securities regulations simply require the need for a whistle-blowers policy within the corporation.
· Unless a complaint was backed by a real name, vigilance probes would not be initiated.
· The graver the contents of the complaints, the more difficult it is to ignore it on the ground of the complaint being anonymous or pseudonymous.
· With corporate boards, complaints of this nature are even more rampant. One must not forget that light from any source can be illuminating.
· Therefore, when a complaint is anonymous or pseudonymous, the board of directors should consider the personality of the CEO and the work environment in the organisation.
· The “stronger” (read, more autocratic and overbearing) a CEO, the greater the need for a complainant to mask her identity.
· The more inclusive and accommodative a CEO is of the diverse views within the work space, the more circumspect and stringent the board of directors should be towards anonymous and pseudonymous complaints.
· Companies that have nothing to do with the government too need to handle whistle-blowers complaints and in fact enable a framework where complainants can come in without fear of being identified.
· From a phase of not taking a non-transparent complaint seriously, market reality has moved to treating as illegal the very demand to know the identity of the whistle-blower.
· Some indication of an ideal approach to handling whistleblower complaints, and how organisations would be treated by the law in relation to handling of these complaints, would be an important nudge to the development of the law.
Dileep 5 years
Kindly review sir!!
IAS Parliament 5 years
Try to include about need for review of the law and why central repository is required. Listing out the details is not enough. Keep Writing.
dibya ranjan panda 5 years
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Vidya S 5 years
Kindly review it
IAS Parliament 5 years
Good attempt. Keep Writing.
Anu 5 years
Kindly review. Thank you.
IAS Parliament 5 years
Good attempt. Definition for whistle blowing is not needed. Keep Writing.
