What is
Whistleblowing?
I will explain what whistleblowing is and when an individual
is likely to feel it is necessary to blow the whistle on a person or business.
Why is Whistleblowing
Important?
Whistleblowing is a hot topic right now due to the scandals
that have rocked the business world in recent years. In 2002, two individuals
from Enron and Worldcom were named Time’s people of the year because of their
efforts in coming forward during serious, billion dollar scandals happening
internally in their company. It is important to be ethical in business so people can always trust you to do the right thing.
Real World Example of
Whistleblowing
In this section, I plan to demonstrate when/how an
accountant can come forward in a scandal. I have not yet decided on which
example to use because there are so many good ones. I will probably wait to choose a case until
I talk with the expert.
Positive Effects of
Whistleblowing
It can put an end to the fraudulent acts occurring in the
company. It can change future policies that benefit employees and the company.
It is the right thing to do, and it is ethical.
Negative Effects of
Whistleblowing
People in the company may not trust you anymore. There is a
lot of added stress that goes along with whistleblowing. You may be fired for
going against the company. Employees may alienate you from them. You may have
to go through litigation and deal with lawsuits.
No comments:
Post a Comment