Post on 14-Apr-2017
transcript
Whistle Blower Policy
Akshay MittalGaurav DewanRachit ChilanaRahul KumarRajan Raj GiriRasdeep SinghRavi ThackerNikhil KoulYash Chauhan
Edward Snowden
PRISM
What is a Whistleblower?
Whistleblower
(noun) a person who makes public disclosure of
corruption and wrongdoing in an
organisation
Types of Whistle blowing
Issues that can be Reported
ReputationCostOperationsMotivation and MoraleStakeholderLegal Sanctions
Consequences for Whistle Blower
Fired or demoted
Law Suit
Physical and Emotional Abuse
Bankruptcy
Imprisonment
Attempted Suicide
Financial Constraint
Bullying
Whistle Blower Protection Policy
Whistle Blowers Protection Act (2014)
Companies Act 2013
Whistle Blower Protection Act, 2014 The Act seeks to protect whistle blowers, i.e. persons making a public interest
disclosure related to an act of corruption, misuse of power, or criminal offense by a public servant.
Any public servant or any other person including a non-governmental organization may make such a disclosure to the Central or State Vigilance Commission.
Every complaint has to include the identity of the complainant.
The Vigilance Commission shall not disclose the identity of the complainant except to the head of the department if he deems it necessary. The Act penalizes any person who has disclosed the identity of the complainant.
The Act prescribes penalties for knowingly making false complaints.
The Bill prohibits the reporting of a corruption related disclosure if it falls under any 10 categories of information.
Companies Act, 2013Whistle Blower Policy
Listed companies and companies which accept deposit from public or have borrowed money from the banks and PFI’s in excess of Rs. 50 crore.
Audit Committee shall oversee the vigil mechanism otherwise Board shall nominate a director
Ensure safeguards against victimisation of employees and directors, direct access to chairperson of the Audit Committee
Display policy on the company website, if any
“Vigil mechanism” to be included in Board’s report
Ensure that interests of a person who uses the mechanism are not prejudicially affected
Famous whistle blowers in IndiaSpots financial
irregularity in handling of Golden Quadilateral project.
Sent letter to PM revealing how ineligible contractors submitted false proof to claim financial and techical expertise.
Later, he was shot dead in Gaya.
Satyendra Dubey
S. Manjunath
Was a marketing manager for Indian Oil Corporation
Murdered for sealing a petrol station in Lakhimpur Kheri district
This incident inspired students to set up “The Manjunath Shanmugan Trust”
Lalit Mehta
A civil engineer by qualification, Lalit, 36, blew the lid off widespread corruption in nregs in Palamu.
He had become a threat to the contractor lobby and corrupt government officials.
Social audit of nregs he undertook under economist Jean Drze's supervision was proving to be the final nail in the coffin of the contractor lobby.
THANK YOU