News
Auditors told to dob in executives by Bill Pheasant with Simon Evans Australian Financial Review 6 April 2004 ©
“Auditors will be forced to inform the corporate regulator about any any attempt by company executives or directors to influence their work.”
APRA – The Culture, The Board, The Audit Committee & The Risk Committee The Age 25 March 2004©
APRA “recommends reforms in recruiting and the code of code to encourage whistleblowers, and a system where bad news is not sanitised before it reaches key decision makers.”
APRA Censures a humbled NAB by Duncan Hughes The Age 25 March 2004©
Click here to download APRA Censures a humbled NAB
A quarter of woman harassed: report by Melissa Marino The Age 25 March 2004©
“28% of women aged 18 to 64 years said they had been sexually harassed at work. The figure for men was 7%.”
Federal Sex Discrimination Commissioner Pru Goward said, “Sexual harassment often begins with verbal abuse, innuendo or unwanted sexual comments. It may go on to involve behaviour such as propositioning, asking for sexual favours, unwanted touching, assault or even rape.”
“The Gallup telephone survey of more than 1000 people aged 18 to 64 found that less than a third of those harassed formally reported the offence, and more than half said they lacked faith in the system. Others said the harassment did not warrant reporting or they had dealt with it themselves. But Ms Goward said she was encouraged by the finding that 87 per cent of people who had witnessed a case of sexual harassment had done something about it, including confronting the harasser.”
National Bank’s response to foreign currency options trading losses PwC Report of its findings ASX 12 March 2004
CEO Mr. John Stewart said “I am very pleased that whistleblowers had uncovered losses from the foreign currency trading and the National would continue to encourage and protect whistleblowers: “We need more brave people that are prepared to confront bad behaviour”.