Whistleblowing is the best preventative measure for fraud – it should be encouraged

With Benjamin Koh of CommInsure having just spilled the beans on the company’s wrongdoings – claiming doctors were pressured to change their opinions, outdated medical definitions were used to deny payouts and medical files disappeared – we take a look at how the act of whistleblowing could bring about corporate change.

Whistleblowing and corporate governance – time for a rethink

The shockwaves generated by the Tesco financial scandal that came to light only a few months ago continue to reverberate in the corporate, regulatory and government spheres. Many commentators have referenced Tesco, and specifically the report that it was a whistleblower who was initially ignored, as further evidence that – to paraphrase Admiral Beatty at Jutland – “there’s something wrong with our bloody corporates”.