According to Charted Institute of Internal Auditors, whistle blower can be defined as an act

of employee or any group of people related to certain corporate body reporting a suspected
wrongdoing or illegal act that contradict with conduct of the law done by their employer or
corporate body. The purpose of whistleblowing is to cultivate the element of corporate
governance in all corporate body in which act to govern the process and structure used to
direct and manage the business and affairs of the company towards enhancing business
prosperity and corporate accountability whilst taking into account the interests of others.
Whistle blowing is one of the act that in nature against the order or conduct of a company,
but was done for the greater good of society in exposing illegal act done by the company.

Whistleblowing is been associated with corporate governance in the sense that it

fulfilled the element of integrity and ethical behavior of principles of corporate governance
that is needed to be cultivate in corporate environment. The appropriate goal for corporate
executive in accordance to the principles of corporate governance is to perform his duties to
the best them ability while conforming to the basic rules of society, which have been
embedded in the law and ethical custom. The legal and ethical norms should act as a guide
for establishing and maintaining stakeholder relationships in distinguishing between
responsible and irresponsible notion of profit seeking. Other than the principle of integrity
and ethical behavior, whistleblowing also conform with the fifth principle of corporate
governance which is transparency and disclosure that every corporate body need to cultivate
in their work of conduct. This is because, in corporate governance, a good corporate body
should ensure that timely and accurate disclosure is made regarding all material matters
concerning the corporation, including the financial situation and results. It is the interest of
each organization to provide clear, timely and reliable information that is adequately
prepared, and to make relevant information equally accessible to all stakeholders.

Based on all this notions of corporate governance, whistleblowing played an

important role as a mechanism to achieve these notions from being tarnished by the illegal act
done by the corporate body. This can be seen in the case of Takata Scandal, in which, relating
to the act of manipulating test data on a safety feature used in car accidents, testified by an
unknown executive member of the company, has lead certain car company to recall all their
sold products to back to overcome this matters. This act of unanimous testifier is one of the
act of whistleblowing the misconduct of his company that lead into the faster safety measure
done by the company to avoid any other worse possible situation such as accident.
 In relating to the discussion given, the situation situated that, I am an employee of
public listed company with a senior managerial position in the company. During my time
working as a senior managerial position, I have into knowledge about the discrepancies in
terms of procurement in my department and has take measure to report it to my boss. The
boss ordered me to ignore the issue as its has been arosed few times before. In my opinion, as
an employee who has bound the principle of integrity and ethical conducts, it is falls within
my responsible to report the discrepancies or issue that is detrimental to the other parties or
society that is being ignored or kept by my company. This is because the issue might have
been detrimental and cause a lot other issue that might threaten the public benefits. It is a
reasonable idea for to testify the issue to the authority in order to avoid any other worst
possible situation caused by the discrepancies.