External Regulation and Internal Whistleblowing Frameworks: An Australian Perspective

Sulette Lombard, Vivienne Brand

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Internal corporate whistleblowing systems, or ‘institutionalised’ whistle-blowing, could offer valuable corporate governance benefits, particularly around notions of compliance and risk management. There are sound regulatory theories to explain the value of such systems as part of a corporate governance framework. The Australian legislature clearly recognises the benefits of such systems, as is illustrated by recent legislative reform that includes mandatory development of such systems for some companies. This chapter provides an overview of recent legislative reforms in relation to corporate whistleblowing, particularly around provisions aimed at ensur-ing development of internal whistleblowing frameworks. In addition, it analyses the approach adopted by the Australian legislature with reference to theories in rela-tion to corporate governance and regulatory approaches to ensure development of such internal whistleblowing systems. The chapter lastly provides some comparison between the pre-reform practices of some of Australia’s largest companies and the requirements of the new regime.
Original languageEnglish
Title of host publicationCorporate Whistleblowing Regulation
Subtitle of host publicationTheory, Practice, and Design
EditorsSulette Lombard, Vivienne Brand, Janet Austin
Place of PublicationSingapore
PublisherSpringer
Chapter5
Pages113-132
Number of pages20
Edition1st
ISBN (Electronic)978-981-15-0259-0
ISBN (Print)978-981-15-0258-3
Publication statusPublished - 2020

Keywords

  • Whistleblowing
  • Corporate whistleblowing
  • Internal whistleblowing
  • Corporate regulation
  • Whistleblowing policies

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  • Cite this

    Lombard, S., & Brand, V. (2020). External Regulation and Internal Whistleblowing Frameworks: An Australian Perspective. In S. Lombard, V. Brand, & J. Austin (Eds.), Corporate Whistleblowing Regulation : Theory, Practice, and Design (1st ed., pp. 113-132). Springer. https://link.springer.com/book/10.1007%2F978-981-15-0259-0