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To facilitate the attainment of the highest
possible standards of corporate governance,
the Academy has, on the advice of
PricewaterhouseCoopers, its external
auditor, put in place a policy on
whistle-blowing (the “Policy”). The
Policy seeks to ensure that staff of the
Academy can bring unethical or fraudulent
practices or wrongdoings at the work-place
to light so that damage control or remedial
action can be taken promptly. The Policy
sets out procedures for staff of the Academy
to report to an independent Whistle-blowing
Investigation Officer (the “WBIO”)
matters relating to breaches of:
(a) workplace policies ensuring effective
and efficient operations;
(b) measures safeguarding assets and
resources of the Academy;
(c) reliable and truthful financial
reporting;
(d) applicable laws and regulations; or
(e) fair treatment of all staff, especially
with regard to health and safety issues;
which result in either financial or
reputational loss, both actual and
potential, to the Academy. The Policy
provides procedures to enable wrongdoings at
all levels to be reported and such reports
to be properly followed up on. It also
provides safeguards to minimise the
likelihood of abuse of the Policy.
Staff of the Academy are notified of the
Policy. They are briefed, in particular, on
the procedure for the making of reports, the
process which their report will set in
motion, the rights and responsibilities of
the WBIO, how their identities are kept
confidential, and how their rights are
protected after they report the wrongdoing(s).
The WBIO has clearly-defined
responsibilities and sufficient powers to
make effective and adequate investigations.
If necessary, the officer being investigated
could be suspended from duty pending
investigation. All findings of the WBIO are
conveyed to the
Audit
Committee (chaired by a Judge of
Appeal), which will then inform the
President of the Academy (the “President”)
and the senior-level
Executive
Committee of the Academy. The President
and the Executive Committee will then decide
on the appropriate action(s) to be taken.
Law firms and other external parties dealing
with the Academy may also direct complaints
to the WBIO, who may be contacted at
SALWBIO@singnet.com.sg. |