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Journal of Business Ethics

Erschienen in:

01.06.2013

Encouraging Whistle Blowing to Improve Corporate Governance? A Malaysian Initiative

verfasst von: Shanthy Rachagan, Kalaithasan Kuppusamy

Erschienen in: Journal of Business Ethics | Ausgabe 2/2013

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Abstract

This article reviews if the introduction of new laws to encourage and protect whistleblowers is sufficient to improve corporate governance in Malaysian public-listed companies. It provides suggestions to formulate internal whistle-blowing policies for companies. It concludes that due to the culture of the people and the taxonomy of Malaysian public-listed companies and companies in other countries in the Asia–Pacific region, having laws to encourage and protect whistleblowers to get rid of corporate wrong-doings is not necessarily the only solution. The article defines whistle blowing and the benefits of encouraging whistleblowers. It proceeds to highlight the issues of concern on whistle blowing. It also deliberates particular issues of whistleblowing in Malaysia by discussing the taxonomy of Malaysian public-listed companies, the strength of the regulators in enforcement, the Malaysian culture, and the Malaysian corporate scandals. The article elaborates on the whistle-blowing laws in Malaysia and concludes by providing alternate ways to encourage whistle blowing in Malaysian companies having in mind the taxonomy of Malaysian companies, enforcement by regulators and the Malaysian culture.

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The Whistleblower Protection Act 2010 (Act 711) has been duly approved in Parliament on May 6, 2010 and came into force on Wednesday, Dec 15, 2010.

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Titel: Encouraging Whistle Blowing to Improve Corporate Governance? A Malaysian Initiative
verfasst von: Shanthy Rachagan
Kalaithasan Kuppusamy
Publikationsdatum: 01.06.2013
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 2/2013
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-012-1402-7

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