Do you think frauds like the Phar Mor Case is are a thing of the past now that there is so much emphasis on whistleblowing ?
Whistleblowing is encouraged across the globe to prevent frauds. Many acts has been passed to protect the whistleblowers. However, frauds like Phar Mor Case continue to happen because, whistleblowing is not yet effective due to following:-
1.Inefficient laws to protect whistleblowers:- There may be many laws which protect whistleblowers but in reality they are not allowed to continue in same organization.
2.Lack of enthusiasm among whistleblowers- Whistleblowers are not enthusiastic about their job. Rather, they support senior management in ways to allow frauds.
3. Ill treatment in company:- Person who whistleblows are generally treated differently. For example, if someone whose promotion is due and whistleblows, then chances of his promotion is very slim.
4. Misuse of whistleblowing: There are circumstances when people report fake whistle blowing to get personal favor.
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Do you think frauds like the Phar Mor Case is are a thing of the past now that there is so much emphasis on whistleblowing ?
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