Reference Material
ASX Corporate Governance Council Principles of Good Corporate Governance and Best Practice Recommendations March 2003
Principle 7 – “Recognise and manage risk”
“Management should establish and implement a system for identifying, assessing, monitoring material risk throughout the organisation.”
“In order to enhance the objectivity and performance of the internal audit function, companies should consider a second reporting line from the internal audit function to the board or relevant committee .”
Principle 10 – “Recognise the legitimate interests of stakeholders”
“A code of conduct should enable employees to alert management and the board in good faith to potential misconduct without fear of retribution, and should require recording and investigation of such alerts”
Whistleblower – From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Whistleblower
Whistleblower protection laws need national revision: new issues paper 2 November 2006
A new issues paper released by the Commonwealth Ombudsman, NSW Ombudsman and Queensland Ombudsman suggests:
“A coherent, national approach to the revision of whistleblower protection laws needs to be considered by Australian governments”