However, despite the importance of implementing a whistleblowing framework, many organisations choose to overlook it or not invest as much time into implementing the framework into everyday working life and this can have dire consequences for the organisation against its competitors, there may be a loss of financial gains and as well as a corrupt ethical moral code spreading amongst the employees. Infamous corporate governance cases, such as Enron and WorldCom, have enticed the spotlight of corporate citizens to the issue of poor, yet ineffective, sound governance practices in corporate strategies; as a result, the momentum of implementing and performing sound governance practices by the world national bodies, government agencies, and business community has been triggered which is why we at CRI Group are pleased to celebrate Fraud Awareness Week which will take place from November 14-20th 2021. In the lead up to Fraud Awareness week, we want to discuss how exactly should you go about addressing a situation surrounding Whistleblowing.
What is Fraud Awareness Week?
International Fraud Awareness Week, or Fraud Week, was founded by the Association of Certified Fraud Examiners (ACFE) in 2000 as a committed point in time to increase recognition of fraud. The week-long campaign encourages corporate leaders alongside employees to proactively take action to curtail the influence of fraud by advocating for anti-fraud awareness and additional training. Corporations and entities are urged to enrol as Official Supporters prior to International Fraud Awareness Week, and to host training prospects, disseminate anti-fraud material or otherwise promote anti-fraud pursuits during the course of the week.
Zafar Anjum, founder and CEO of CRI® Group says that “Fraud Week reminds us that awareness is any organisation’s first line of defence against fraud and corruption, as properly trained employees will have a better opportunity to recognise the red flags of fraud, and a better understanding of their organisation’s zero-tolerance policy toward such behaviour”.
We are proud to announce that our sister brand ABAC® Center of Excellence will be hosting a free webinar on Friday 29th October 2021 in honour of Fraud Awareness Week to discuss how to implement and successfully carry out the duties of a whistleblower. However, be quick to sign up as seats for the webinar are limited to 30 participants.
At both brands, we aim to use our events as a means of educating corporations as well as opening the path to receiving tailored advice which is beneficial to each and every individual corporation in the long run. In this specific webinar, we intend to discuss the following:
- Definition of whistleblowing
- The benefits of encouraging whistleblowers in the workplace
- Laws to promote and protect whistleblowers in Malaysia
- Issues concerning whistleblowing in Malaysia
- Can whistleblowers help to improve corporate governance?
- Whistleblowing and sound governance
- The need for whistleblowing policy in the workplace
- Suggestions to formulate internal whistleblowing policies for companies
- Strengthen whistleblowing mechanism by adopting ISO 37002:2021
CRI Group believes that knowledge is power which is why we want to open up such a discussion of a topic relating to whistleblowing in the workplace and how adopting ISO 37002:2021 Whistleblowing Management Systems can help to enhance an organisations whistleblowing mechanism. Our aim is to educate, equip and support the world’s leading organisations with the latest best-in-practice risk and performance assessments, systems improvement and standards certification.
Be sure to take advantage of this free opportunity to educate yourself from the leading sources and to have any of your queries and confusions answered by our speakers this Friday, October 29th 2021, 10 am – 12 pm Malaysia Time.