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Wipro to introduce `Whistle Blower Policy’

Posted by ekavi on July 6, 2006

Wipro to introduce `Whistle Blower Policy’
The company has already adopted an Ombudsprocess policy wherein it has established procedures for receiving, retaining and treating complaints received
Srinivas R
Monday, June 26, 2006


BANGALORE: Wipro Ltd is looking at strengthening its Ombudsprocess by introducing new Whistle Blower Policy. This will enable employees to raise their concerns about any malpractice, impropriety, abuse or wrongdoing at an early stage without fear of victimisation, subsequent discrimination or disadvantage.

Disclosing this in the SEC filing, the company said that it may establish a mechanism for employees to report to the management concerns about unethical behavior, actual or suspected fraud or violation of the company’s code of conduct or ethics policy. This mechanism could also provide for adequate safeguards against victimisation of employees who avail of the mechanism and also provide for direct access to the chairman of the audit committee in exceptional cases. Once established, the existence of the mechanism may be appropriately communicated within the organisation.

“The company has adopted an Ombudsprocess policy wherein it has established procedures for receiving, retaining and treating complaints received, and procedures for the confidential and anonymous submission by employees of complaints regarding possible violations of the code of conduct and ethics,” said company filings.

Under this policy, Wipro employees are encouraged to report questionable accounting matters, any reporting of fraudulent financial or other information to the stakeholders, any conduct that results in violation of the company’s code of business conduct and ethics, to management (on an anonymous basis, if employees so desire). Likewise, under this policy, the company has prohibited discrimination, retaliation or harassment of any kind against any employees who, based on the employee’s reasonable belief that such conduct or practice have occurred or are occurring, reports that information or participates in the investigation. “No personnel of the company has been denied access to the audit committee or its chairman,” said the company.

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