Corporate Governance
The Corporate Governance System For Whistleblowing
The National Corporate Governance Advisory Standards are:-
- AS 8000: Good governance principles
- AS 8001: Fraud and corruption control
- AS 8002: Organizational codes of conduct
- AS 8003: Corporate social responsibility
- AS 8004: Whistleblower protection programs for entities
- HB 400-2004: Introduction to Corporate Governance
- HB 401-2004: Applications of Corporate Governance
Corporate Governance is defined as the system by which entities are directed and controlled.
The system provides structure by way of a set of principles to ensure corporate direction, responsibility and accountability, and which affects those who manage the organisation including the Board, Directors and Officers. The common feature of most definitions of corporate governance is the focus on the role and function of the Board of Directors as the body responsible for ensuring the company is accountable for its decisions and its performance.
Corporate Governance applies equally to the public and private sectors. It also applies to small business and adds value by assisting them to meet regulatory requirements, operate efficiently and reduce financial, business and operational risk by developing policies and procedures to prevent fraudulent, dishonest, and unethical behaviour.
AS8004: “Whistleblower protection programs for entities” explains how to establish, maintain, implement and effectively manage a whistleblowing mechanism that can apply to employees, executives, directors, outside agents and sub-contractors.
An effective whistleblowing program demonstrates a commitment to Corporate Social Responsibility by employees, the business, the Boards and their Directors.
Your-Call’s approach meets acceptable Corporate Governance standards in fraud reporting and the receipt/treatment of information from whistleblowers that blends traditional telephone-based disclosure management functions with powerful web-based reporting.
Your-Call offers 24/7 reporting that is 100% independent, secure and confidential in real time.
Your-Call’s online reporting solution of Your-Alert allows Directors, Officers and Managers to enhance their Corporate Governance by tapping into real-time 24/7, live information on matters of concern in 4 key areas: dishonesty; behavioural issues; regulation; and safety. Your-Say enables employees, customers, vendors and suppliers to provide feedback on the effectiveness or otherwise of Corporate Governance policies and procedures, risk management and suggestions for improvement.
Your-Alert and Your-Say operate independently of your organisation and our processes have been benchmarked against Standards Australia AS 8004-2003 “Whistleblower protection programs for entities”. They sit alongside the organisation´s Code of Conduct promoting honesty, integrity and transparency. They don’t replace existing processes for raising concerns or feedback in the workplace but rather complement these reporting mechanisms by providing an external independent reporting option to an organisation´s whistleblower policy.
It provides Directors, Officers and Management three Corporate Governance tools in one; deterrence, compliance/behaviour monitoring and risk mitigation.
Get Started?
If you´re looking to implement a more effective Corporate Governance strategy that will improve your fraud risk protection, click here to email us and download our FREE The Ultimate Whistleblowing Checklist on how to establish a best-practice whistleblowing program, or simply call 1300 798 101 to discuss how Your-Call can best benefit your organisation.