Tag Archives: Whistleblowing

Whistleblowing and its link on Corporate Governance and Compliance: The case of Financial Companies listed on the Ghana Stock Exchange (Published)

Whistleblowing in institutions is key for corporate governance and compliance in organizations. In this study we determine whether there exist whistleblowing mechanisms and policies in the financial institutions listed on the Ghana Stock Exchange (GSE). The study also sought to examine the level of staff knowledge and perceptions on those policies and procedures.  A two-stage sampling scheme was adopted in selecting the samples. Four out of nine banks listed on the Ghana Stock Exchange were selected using simple random sample. For each bank selected two branches in greater Accra were included randomly in the sample from which 100 was selected. The results of the analysis indicated that majority of the respondents were eager to blow the whistle at all cost, however education on knowledge on procedures for reporting at the time of appointment was little. Out of the 80 participants who took part in the study, none of them responded no to reporting wrongdoing even when their report will lead to the closure of the company, or dismissal. The chi-square test of independence also shows that, there is a link between whistleblowing, corporate governance and compliance in the financial companies listed on Ghana Stock Exchange (GSE). It is recommended that organizations carry out periodical education on policies and procedures on whistleblowing to increase the consciousness of all employees.

Keywords: Compliance, Corporate Governance, Ghana, Whistleblowing, financial companies, stock exchange

Contractual Governance Mechanisms, Whistleblowing, Contract Monitoring and Contractor Performance of Works (Published)

Contractor performance in Uganda’s construction industry has come under public scrutiny given the shoddy work, potholed roads, tattered pavements, collapsing buildings and poor state of buildings that are a menace to the public causing accidents and vehicle damage. Despite the regulations made by Public Procurement and Disposal of Assets Authority in the monitoring of contracts, completing public contracts on time, within budget and with quality is a major challenge facing Uganda’s construction industry. This study examines the relationship between contractual governance mechanisms, whistleblowing, and contract monitoring and contractor performance of works in central government of Uganda. A quantitative cross-sectional survey was conducted. The data was collected using self-administered questionnaires and 402 usable responses were obtained which were analyzed using a Statistical Package for Social Scientists (SPSS). Correlation and regression analysis were used in data analysis. The results indicated a significant relationship between contractual governance mechanisms, whistleblowing, and contract monitoring and contractor performance. Findings are discussed.

Keywords: Whistleblowing, contract monitoring and contractor performance of works, contractual governance mechanisms

WHISTLEBLOWER REWARD AND SYSTEMS IMPLEMENTATION EFFECTS ON WHISTLEBLOWING IN ORGANISATIONS (Published)

Whistleblowing has become a major concern globally following tremendous organisational misconduct that had befallen huge organisations and has ultimately led to the collapse of some organisations, with its trickling down effects translating into global economic meltdown. Several countries have adopted and signed up to whistleblower acts including Ghana as a way of addressing this challenge of corruption and fraud, for which some organisations have implemented whistleblowing systems and provided reward systems to encourage whistleblowing. The study employs fisher’s exact test to analyse the effect of whistleblowing implementation systems in organisations in Ghana and its associated reward systems effects on whistleblowing. It observes that, these have not been as effective as desired, particularly as whistleblowing implemented systems have minimal or no effect and reward systems intended to motivate whistleblowing fails to motivate its essence such that, the presence of these systems have not impacted on organisational productivity

Keywords: Corruption, Fraud, Punitive, Reported Misconduct, Reward systems, Sufficiency of whistleblowing implementation systems, Whistleblower, Whistleblowing

Whistleblower Reward and Systems Implementation Effects on Whistleblowing in Organisations (Review Completed - Accepted)

Whistleblowing has become a major concern globally following tremendous organisational misconduct that had befallen huge organisations and has ultimately led to the collapse of some organisations, with its trickling down effects translating into global economic meltdown. Several countries have adopted and signed up to whistleblower acts including Ghana as a way of addressing this challenge of corruption and fraud, for which some organisations have implemented whistleblowing systems and provided reward systems to encourage whistleblowing. The study employs fisher’s exact test to analyse the effect of whistleblowing implementation systems in organisations in Ghana and its associated reward systems effects on whistleblowing. It observes that, these have not been as effective as desired, particularly as whistleblowing implemented systems have minimal or no effect and reward systems intended to motivate whistleblowing fails to motivate its essence such that, the presence of these systems have not impacted on organisational productivity.

Keywords: Corruption, Fraud, Punitive, Reported Misconduct, Reward systems, Sufficiency of whistleblowing implementation systems, Whistleblower, Whistleblowing