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How good HR practices can save a company

February 4, 2009

Text: Padmaja Alaganandan

If there was such a job called whistleblower, no one would apply because being a whistleblower is an awfully difficult thing. Unfortunately, though, this job has needed to be self-created when people have chosen to stand up to shocking activities. In 2002, Time magazine portrayed three salaried employees on its cover, employees who had withstood corporate and peer pressures and who had dared to challenge the ways in which their organisations were run.

Yet, despite their efforts, these organisations malfunctioned or imploded because there were no systems in place to either prevent or to act the fraud or deceit quickly enough. Lives were lost, careers were ruined and the fabric of the rule of law that is necessary for a fair and free market was deeply torn. Sadly, we have still not learnt our lessons. Seven years later, numerous events -- global and in India -- have thrown the spotlight back on the need for far more robust corporate governance processes and capabilities than we currently have.

Illustrations: Uttam Ghosh

Also read: eJeevika: Training rural folk for jobs

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