Girish Kohli
Triveni Engineering & Industries Limited Sugar Unit, Deoband Village, Noorpur, District, Saharanpur (U.P.), India
Whistleblowing has been one of the important mechanisms that are crucial for implementing better and effective corporate governance in any institution or organization, including the sugar industry. Whistleblowing has helped develop good corporate governance, which is indispensable for the growth and development of the sugar industry. Whistleblowing is an important tool in any organization’s corporate governance strategy because it allows employees to act on incidences of misconduct and helps to maintain a safe workplace, as well as protecting the profits and reputation of the sugar company. A conscience keeper has an obligation to blow the whistle by raising an alarm whenever they find anything which is does not agree with the standards of conscience in the company. To protect the corporate integrity, it is necessary to protect the whistleblowers. An overview of how whistleblowing is related to good corporate governance and the importance of a whistleblowing policy in Triveni Engineering and industries Limited is given. The Indian legal provisions that promote a whistleblowing policy in TEIL have been very conducive for the growth and culture change of the company along with the huge cost cutting and manpower reduction. This policy has modified TEIL’s policy for growth and profitability of the company.