Report on PIC highlights the pitfalls of a lax approach to the Protected Disclosures Act
The report of the judicial commission of inquiry into allegations of impropriety at the Public Investment Corporation , released by President Cyril Ramaphosa on Thursday, again highlighted the importance of a strong, reliable whistle-blower programme for corporates.
Given these problems it is no surprise that the whistle-blowing policy and system has been abused to a point where, according to the report, some wanted to “cause maximum reputational damage to the PIC and its directors/top management”, where employees would rather report matters directly to the police or that disclosures were made in bad faith.
The PIC case again shows the significant role and potential the Protected Disclosures Act has in protecting and promoting the sustainability, reputation and integrity of a brand and corporate citizen, as it allows them to receive, investigate and resolve protected disclosures internally. Failure to do so would jeopardise this as a whistle-blower can then report it outside.
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