Identification and Protection of Corporate Whistle-blowers: A Legal Perspective

Identification and Protection of Corporate Whistle-blowers: A Legal Perspective

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Purpose: Internal audit, management review, and account reconciliation are popular tools for combating corporate fraud, but whistle-blowing is the most prevalent.Whistle-blowers frequently fear reprisal from coworkers and bosses.That is why they require protection and support.Many international organizations have advocated that countries adopt regulatory frameworks for protecting whistle-blowers.

Therefore, the current study investigates the notion of whistle-blowing to compare it to Public Interest Disclosure Act 2017 of Pakistan, which was enacted.It identifies the influence of legal and ethical cultural norms in organizations on click here whistle-blowing behaviour.Design/Methodology/Approach: Qualitative method was used to analyze statutes, local and international protocols, rules and regulations of Pakistan and developed countries.Findings: The results suggest read more that the development of legal and ethical culture in a business may inspire whistle-blowing, and whistle-blowers may feel psychologically safe when reporting wrongdoings.

Further, whistle-blowers must be legally supported and encouraged to function as corporate monitors, discouraging wrongdoers to the point of elimination.Implications/Originality/Value: It is suggested that the Act be revised to address the existed flaws.The Act is specifically amended to cover private-sector whistle-blowers, and an impartial, external reporting channel is established under one of the existing specialized organizations that deal with fraud.In particular, anti-corruption bodies, like National Accountability Bureau, has established as an external reporting and investigative channel.