Category: Whistleblower
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CEOs face Sh3m fines, jail for failure to set up whistleblower system
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Chief executives of public and private companies face a Sh3 million fine and up to 24 months in prison for failing to set up a whistleblower system, the attorney general’s office said in a draft bill, as the government makes fresh efforts to curb fraud and loss of public funds.…
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Enron whistleblower: Financial fraud reporting still too hard
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Twenty-three years after Enron filed for bankruptcy, not much has changed regarding the culture of whistleblowing and reporting internal fraud. Although 56% of financial professionals reported that they had detected or suspected fraud within their organizations, the majority ( ) remained silent. As we have seen from the recent devastation…