FT: “Auditors Blow Whistle on Inadequate Procedures for Reporting Crises” (hot lines)

A survey by the Chartered Institute of Internal Auditors, whose members advise boards on the effectiveness of controls to manage risks, found that only 69 per cent said their organisation’s whistleblowing arrangements were effective.More than nine out of 10 had whistleblowing arrangements in place. But in more than half of organisations, people responsible for handling calls from whistleblowers received no training in how to do so. Nearly half of respondents said their organisation provided no feedback or progress updates to whistleblowers.

http://www.ft.com/intl/cms/s/0/c5b0df38-9b23-11e3-b0d0-00144feab7de.html?ftcamp=published_links/rss/home_uk/feed//product&utm_source=twitterfeed&utm_medium=twitter&siteedition=intl#axzz2uC5e8qz6

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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