...Below is a free essay on "Whistleblowing" from Anti Essays, your source for free research papers, essays, and term paper examples. Whistleblowing is a highly controversial and widely discussed topic in today’s society due to many high profile cases including the circumstances surrounding the Space Shuttle Challenger explosion and what was documented in the movie The Insider about the tobacco industry. Ethically, the decision for someone to whistleblow is a tremendous one. The person needs to weigh many factors and take many things into consideration before making that step. This paper will use the movie The Insider, Ethical Theory and Business and material collected from the internet to (1) discuss definitions and conditions of whistleblowing; what motivates whistleblowers; ethical and other considerations including risks and typical results of whistleblowing cases. Definitions and conditions of whistleblowing “A whistleblower is an individual that believes that his or her organization is engaged in or willingly permits unethical, unlawful or otherwise reprehensible activities. Whistleblowers bring attention to the objectionable activity and attempt to effect change. Whistleblowers generally report these actions internally and may ultimately resort to reporting these activities to external authorities or interested parties.” (http:cosign.scu. edu505set01003WhistleblowerProfile.htm) In the essay “Whistleblowing and Professional Responsibility” published in Ethical Theory and...
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...Case 3-5 IRS Whistleblower and Informing on Tax Cheats On October 4, 2012, the Internal Revenue Service paid a $2 million reward to a whistleblower that exposed an alleged tax avoidance scheme by Illinois Tool Works Inc. (ITW) that cost the U.S. Treasury hundreds of millions of dollars. The scheme involved ITW enlisting a Swiss bank to fabricate unauthorized tax deductions by duplicating its own tax deductions in order for ITW, as a client and unrelated taxpayer, to claim the same deductions as an offset to ITW’s otherwise taxable income. As a result of tax audits, ITW wrote-down its deferred tax asset by $383 million. Whether motivated by a sense of justice or the pursuit of a seven figure reward, the Wall Street insider known only as Mr. ABC has demonstrated the huge return on investment available to IRS whistle-blowers that provide information under a program that pays out between 15 percent to 30 percent of any recovery, without any monetary cap on the amount of the reward, It was the third time Mr. ABC had received an IRS whistleblowing award including $1.1 million in 2004 when he provided information about abusive tax shelters that helped Enron avoid taxes on more than $600 million of taxable income. He also received $1.24 million in another case. In testimony before the 2004 U.S. Senate Finance Committee, Mr. ABC proceeded to explain his motivation to blow the whistle by criticizing the government’s ability to identify and investigate sophisticated tax shelters...
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...Introduction Whistleblowing refers to disclosure of suspected wrongdoing at work by a worker. All workers have the right and the capability to report inappropriate actions such as illegal transactions and operations or neglect of duties among others. The Sarbanes-Oxley due is a policy that sets the standards for the United States public company offices especially the boards, management and public accounting organizations. The paper describes a whistleblower and provides an example of a whistleblower case. The paper also analyzes the whistleblowers actions according to the Sarbanes-Oxley Act. As stated earlier a whistleblower is the individual that tells of an inappropriate action or operation in the organization. Whistleblowers have the following characteristics. Whistleblowers are never interested in changing their behavior or characteristics (Near& Miceli, 1995). Whistleblowers are normally having an educational background and have professional positions in the workplace. The whistleblower is intelligent as such can think through situations clearly and make concise decisions (Near& Miceli, 1985). They are pragmatic and will deal with situations in realistic ways rather than theoretical considerations. They are self-conscious hence not easily carried away by other people’s beliefs and attitudes. Whistleblowers are morally obligated to help others in the best possible manner. They have a high sense of morality (Near& Miceli, 1985). A former Zillow employee Chris Crocker...
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...in a memo to Ken Lay, "but by the time Watkins and Cooper blew the whistle, much damage had already been done and the shareholders and employees were the ultimate losers."○2 Whistleblower program is very important to minimum a corporation's hazardous activities, but the blower often face some awkward situations, such as fear of the manager's retaliation, fear to be treat as a betrayer by the workmates, unwilling to be a snitch and so on. To fix these situations and finally enhance financial report, we should first establish a company's whistleblowing culture, that means encourage employee to investigate and report flaws they find and give reward instead of punishment, also, the management need to demonstrate a strong will to commit the whistleblow policy, promptly investigate the report and give feedback....
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...D2 UNIT 11 D2 – evaluate the role of multi-agency working to reduce the risk of abuse of adults, with reference to legal frameworks, regulations, working strategies and procedures. Introduction I will be evaluating the role of multi-agency working, its strengths and weaknesses and how it is used to reduce the risk of abuse imposed on adults; I will also be referring to legal frameworks, regulations, working strategies and procedures. Strengths of Multi-agency working – Multi-agency working is beneficial for all service users such as children, young people, adults and families; this is because Multi-agency working ensures they receive support in the most effective approach, these benefits include: * Faster and more precise diagnosis’s * Quicker access to health care and health professionals * Service users’ needs are attended to promptly and accurately * improved quality of services Weaknesses of Multi-agency working – Although there are many benefits to Multi-agency working there are still some weaknesses, these are: * requiring a team leader to co-ordinate the multi-agency actions * obtaining regular team meetings to review policy and procedures * ensuring parents and other professionals approve and are involved in the multi-agency working Multi-Agency working is carried out by health professionals from different sectors and professions such as nurses, social workers and mid wives working together to achieve a common goal. Multi-Agency working ensures additional...
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...The categorical Imperative contains three maxims. Universality: You should only do something if you think it would be ok if everyone did it all the time. E.g. cheating in business, if everyone did it the economy would collapse. Every human should be treated as an end not a means to an end: So you can’t manipulate people to achieve an end. Contrasts to consequentialism which is based on ‘the greater good’. Means you cannot lie, (example about com101 being fav class) Act as if you were the moral authority of the universe: If any action that you undertake, repeated across the universe would create negative effects it is deemed unethical and you should not do it. Whistleblowing WB: Corporate governance codes require people to whistleblow on breaches of the codes. E.g. Enron: Positives: Required by corporate governance to report unethical business actions. Saves...
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...EMPLOYMENT ESSAY Legislation to protect and encourage "whistleblowing" in relation to work issues has proved inadequate.' Discuss. Whistleblowing by definition is when an employee provides information of illegal activity or any other wrong doing to their employer or supervisor. The concern raised by the employee may be about a fellow employee, a third party outside of the workplace or even the employer and the employee does not necessarily have to be directly affected by the illegal activity to have the right to disclose it. The general consensus is that an employee who makes a “protected disclosure” that is in the public interest should be protected by law from any unfair treatment resulting in making the disclosure. In this essay I will evaluate whether the law protects whistleblowers adequately. Prior to the Public Interest Disclosure Act 1998 coming into force on the 2nd of July 1999, whistleblowers did not have protection against unfair dismissal. Employees who attempted to expose of illegal activity would face open discrimination by their bosses and fellow employees, they would also face disciplinary action and were often denied of career advancement. The Public Interest Disclosure Act 1998 came into force to protect workers and a worker in this context includes most workers in the public, private and voluntary sectors. The Act does not apply to self-employed workers other than those in the NHS, and voluntary workers such as charity trustees and charity volunteers...
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...Whistleblowing and the global impact. Table of Contents ESSAY Introduction The importance and understanding of whistleblowing The notion of whistleblowing Whistleblowing – an act of good will Whistleblowing – an act of revenge The role of the government Government whistleblowing How Snowden formed society Introduction Whistleblowing, an act of certain controversy, has provided material for many a discussion. It has filled our newspapers, televisions and radios on a daily basis, since Wikileaks went public with its first act of exposing illegal activity. ‘Whistleblowing’ is a dynamic process involving at least three social actors; the wrongdoer, the whistleblower and the recipient, each of whom takes actions in response to the other’ (Near et al., p 509, 1996), while accepting the associated dangers and risks. Current events relating to Edward Snowden, Julian Assange and Bradley Manning have sparked intense debate throughout the world regarding policy changes, creation of new laws and the conduct of government and corporations. It is widely agreed that whistleblowing exists and happens on a daily basis. Scholars have examined the topic over the years narrowing it down to ethnical divergences or even to how the act of wrongdoing can impact a whistleblower. The importance and understanding of whistleblowing Age has a significant impact...
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...Adequacy of Legal Protection for Auditors Loganathan Krishnan Department of International Business, Faculty of Accountancy and Management, Universiti Tunku Abdul Rahman, loganathan@utar.edu.my This paper was presented at the International Conference on Emerging Issues in Public Law: Challenges and Perspectives, Faculty of Law, Universiti Teknologi MARA (UiTM), 13th to 14 December 2011, Shah Alam, Malaysia. ABSTRACT In Newton v Birmingham Small Arms Co (1906), the English court made it clear that the rights of auditors cannot be abridged nor restricted by any regulations of the company. This is to ensure that the auditors’ rights are secured. The rights are unqualified and this will enable auditors to discharge their role and duties effectively. Additionally, the Companies Act 1965 (CA) gives substantive powers to enable auditors to carry out their duties effectively. This is because if their hands are tied, they will not be able to uncover any wrongdoings by the company’s management. In fact, any one who obstructs their duties, is in breach of the CA. Auditors have a right of access at all reasonable times to the accounting records and other records, including registers of the company. Moreover, the CA provides that auditors enjoy qualified privilege in certain circumstances. Thus, this study investigates imperative issues on the office of auditors concerning rights, powers and privilege. This is to strengthen the role and duties of auditors to bring about a more...
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...Lehman Brothers Holdings, Inc. Thursday, October 24, 1929, easily ranks as the most dramatic day that Wall Street has ever seen. That day witnessed the beginning of the Great Stock Market Crash that over the following few years would result in an almost ninety percent decline in the Dow Jones Industrial Average ( DJIA). Although not nearly as dramatic as “ Black Thursday,” September 15, 2008, is a date that modern day Wall Street insiders will not soon forget. On that day, one of Wall Street’s iconic investment banking firms, Lehman Brothers, filed for bankruptcy. That bankruptcy filing ended the proud history of a firm that had played a major role in shaping the nation’s securities markets and economy for more than a century. Lehman Brothers had approximately $ 700 billion in assets when it failed, which makes it the largest corporate bankruptcy in U. S. history, easily surpassing the previ-ous headline- grabbing bankruptcies of Enron, General Motors, and WorldCom. By comparison, the telecommunications giant WorldCom, which temporarily held the title of the nation’s largest business failure after collapsing in 2002, had less than one-sixth the total assets claimed by Lehman Brothers. The shocking announcement that Lehman had filed for bankruptcy caused the DJIA to plunge more than 500 points within a few hours. That large loss was only a harbinger of things to come. Within six months, the DJIA had declined by more than 50 percent from its all- time high of 14,164...
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...Corporate Governance Blueprint 2011 Towards Excellence in Corporate Governance Suruhanjaya Sekuriti Malaysia 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur Malaysia Tel: 603-6204 8000 Fax: 603-6201 5078 www.sc.com.my Copyright © July 2011 Securities Commission Malaysia All rights reserved. No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means (graphical, electronic, mechanical, photocopying, recording, taping or otherwise), without the prior written permission of the Securities Commission Malaysia. Perpustakaan Negara Malaysia Corporate governance blueprint 2011 : towards excellence in corporate governance Bibliography : p. 77 ISBN 978–983–9386–67–7 1. Corporate governance--Malaysia. 2. Industrial management. 1. Suruhanjaya Sekuriti Malaysia. 658.4009595 Cataloguing-in-Publication Data This book is printed using eco-friendly recyclable and bio-degradable paper CONTENTS FOREWORD BY MINISTER OF FINANCE II, MALAYSIA MESSAGE FROM CHAIRMAN OF THE SECURITIES COMMISSION MALAYSIA INTRODUCTION CHAPTER 1 v vii 1 5 SHAREHOLDER RIGHTS CHAPTER 2 13 ROLE OF INSTITUTIONAL INVESTORS CHAPTER 3 21 THE BOARD’S ROLE IN GOVERNANCE – – – – ROLES AND RESPONSIBILITIES INDEPENDENCE OF THE BOARD COMPOSITION OF THE BOARD COMMITMENT OF BOARD MEMBERS 43 CHAPTER 4 DISCLOSURE AND TRANSPARENCY CHAPTER 5 53 ROLE OF GATEKEEPERS AND INFLUENCERS CHAPTER 6 61 PUBLIC AND...
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...The Transformation Continues QANTAS SUSTAINABILITY REVIEW 2013 This page has been intentionally left blank TABLE OF CONTENTS Page Introduction Governance − − − − Corporate Governance Business Resilience Group Security Group Risk and Audit 2 4 4 9 10 11 13 15 19 22 31 38 45 49 56 57 Stakeholder Engagement Financial Safety and Health Customer People Environment Procurement Community Measures Glossary The Group Strategy, supported by environment, procurement and community strategies, underpins the identification and reporting on material items. To support the Group’s core goal of delivering sustainable returns to shareholders, areas of focus are used to measure, monitor and report on the Group’s performance. Areas of focus and measures are reviewed and updated to ensure that they remain relevant. The Group Strategy drives sustainable outcomes Governance Corporate governance is core to ensuring the creation, protection and enhancement of shareholder value. Stakeholders We are committed to communicating effectively with our stakeholders. Financial Safety and Health To be recognised as the world’s leading airline group in air, ground and people safety and health. Customers Our Customers are the core of everything we do. The Group is continually striving towards providing exceptional customer experiences. Vision We strive to build a strong viable business capable of delivering sustainable returns...
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...ANNUAL REPORT 2014 reimagining energy TM Our Business Liquefied Natural Gas (LNG) • Export Sector • Power Sector • Industrial Sector Regasification Terminal • Power Sector • •Power Sector Industrial Sector • Industrial Sector Natural Gas Liquefaction Peninsular Gas Utilisation (PGU) System • Residential and Commercial Sectors • Residential Sector • Commercial Sector Processed Gas Exploration, Development & Production Processing Liquefied Petroleum Gas (LPG) Condensate • Industrial Sector - Ethylene, Methanol, MTBE, • Industrial Sector Polyethylene, Propylene, Urea and VCM Olefin & Derivatives, Fertiliser & Methanol Crude Oil Condensate Petrochemical Plants • Transportation Sector - Diesel, Gasoline, Jet Fuel • Transportation Sector and Lubricants Jet Fuel, Gasoline, Diesel, Fuel Oil & Lubricants Refining Petroleum Products UPSTREAM 2 PETRONAS ANNUAL REPORT 2014 DOWNSTREAM Our Presence Upstream Downstream Upstream Africa • Algeria – Development • Cameroon – Development • Egypt – Exploration, Development, Production & LNG • Mauritania – Exploration, Development & Production • Mozambique – Exploration • Republic of South Sudan – Exploration, Development & Production • Republic of Sudan – Exploration, Development & Production • Chad – Development & Production Asia Pacific • Australia – Exploration, Development, Production & LNG • Brunei – Exploration • China...
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