| International accounting firm Grant Thornton has ranked Singapore near Russia in terms of the number of companies which have adopted measures to protect whistleblowers. Proper avenues for staff to report in-house cover-ups, criminal activity, misstatements, fraud or rule-breaking were present in just 28 percent of the 150 unlisted private firms surveyed by the firm.
While the findings are limited to privately-held businesses, and the island nation has a reputation for being largely corruption-free, recent financial probes of companies and charities alike point to the need to strengthen protections for staff who expose improper conduct. |
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