What is the purpose of the Whistleblower protection act?

The purpose of this Standard is to provide guidance for entities seeking to implement a

whistleblower protection program. The proposed objectives of such a whistleblower

protection program are to—

 

(a) encourage the reporting of matters that may cause financial or non-financial loss to

the entity or damage to the entity’s reputation;

(b) enable the entity to effectively deal with reports from whistleblowers in a way that

will protect the identity of the whistleblower and provide for the secure stor

age of the information provided;

(c) establish the policies for protecting whistleblowers against reprisal by any person

internal or external to the entity; and

(d) provide for the appropriate infrastructure including the appointment of a

‘Whistleblower Protection Officer’ and a ‘Whistleblower Investigations Officer’ and

alternative means of reporting.

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