Whistleblowers make their markhome/Business/Top Business/Whistleblowers make their markPARIS: UBS, Danske Bank, Cambridge Analytica and now Renault-Nissan: the probe into Carlos Ghosn demonstrates the growing power of whistleblowers as transparency requirements tighten in the corporate world. While some information about who pointed the finger at Ghosn is beginning to emerge, the whistleblower’s motive remains unclear. In 2014 whistleblowers provided information on how Luxembourg was providing sweetheart tax deals to multinationals, which allowed them to avoid paying taxes in other countries. This year, whistleblowers disclosed how Cambridge Analytica misused the personal information of Facebook users and how hundreds of billions of suspect dollars passed through the tiny Estonian branch of Danske Bank. A recent study in the Harvard Business Review found that whistleblowers were in fact a sign of a healthy company that had good internal conflict resolution procedures and a desire to reduce risks.

Source: Manila Times November 23, 2018 16:35 UTC