 We are still going on with our series of sessions on whistleblowing and now we are going to move on to from the more tactical to the more strategic level that whistleblowing strategies which would exist within the organization. Now when we are talking about strategies then we are talking about top level involvement in whistleblowing and how they should be perceiving whistleblowing, how they should be encouraging whistleblowing and what are the consequences of these strategies or these policies of whistleblowing. So when we are looking at whistleblowing policies, organizations that intend to pursue its activities in high ethical order will frame policies for whistleblowing. So those are very important. Whistleblowing policy must provide confidentiality with respect to information and the identity of the informer. So that is very important that they should be a very strong element of confidentiality and the identity of the informer should be protected so that repercussions can be limited and that informer or that whistleblower does not have to face a lot of enmity and hatred within the organization. The policy should provide for the protection of whistleblowers and a quick action against the wrongdoers. They could be achieved when the designated authority dealing with whistleblowers are either independent, senior and responsible. So whistleblowing should be dealt at the highest level through independent, senior and responsible employees so that the other employees do not have any vested interest. We also see that in the policy the manager should address disclosures of wrongdoing to avoid damage to individual organization reputations and other negative consequences. So it is very important that the concerned manager which usually nowadays is called the ethics manager should try to mitigate the damage and negative consequences. All parties in the problem involved must be adequately heard and proper recordings should be made. So again it is very important that recordings should be made that a very famous saying of law is Audi Autrampartem that no one should be condemned unheard. Everyone should be given a chance to express their own opinion. Those people who are involved in the corruption or negative activities and also those people who are trying to substantiate that they are taking place. So the policy should be such that everyone should be given a voice. Then we also see that the elements of the whistleblowing policy should explain how the whistleblower is protected as per the policy of the company as well as the law prevailing in the country. So they could be internal policies and internal mechanisms and then they can also be country based laws, regulations and institutional support. It should state the good intention of the company in promoting whistleblowing within the company. So the policy should be very clear, very candid and should encourage people to blow the whistle. We also see that in the elements they should specify the consequences if the guilt is proved and the seriousness and severity of the measures taken after the whistleblowing. So it is not only the whistleblowing process, it is also about the measures taken once that whistleblowing has been proven. The policy should specify how the immunity is provided on staff who have positively contributed to the entire episode of whistleblowing and that is a very, very strong element to ensure that whistleblowing takes place because those who are involved in blowing the whistle or in giving evidence about the issue or who one way or the other are directly or indirectly involved, they all should be protected and they all should be encouraged to continue as employees who have a voice and are concerned about the organization as a whole. Feedback should be obtained from all the parties involved in whistleblowing so that maybe the mechanisms can be improved or maybe some new stipulations can be added or new processes can be added. The timeframe must be specifically mentioned in finding solutions to issues involved in. So it has to be a timeframe. So it should not be that once the whistle has been blown and it has been proven then things just linger on for years and years, there has to be a time involved, there has to be a deadline and based upon that the whole process should be aligned and calibrated to ensure that there are positive results and feedback from the whistleblowing. Now there are benefits of a whistleblowing policy. First of all, good governance based on ethics. So this policy tends to substantiate that the good governance policies of the organization are based upon ethics. It creates a good ego system for whistleblowing. It prevents corruption and nepotism within the organization. It tends to promote corporate social responsibility, good relationships of executive with employees, discouragement from mistakes and unethical practices. So what we see is that it would discourage people from indulging in such things because they know that the whistleblowers would damage their career. So ladies and gentlemen, what we see from this session is that the policy should be articulate. It should be something which motivates and promotes whistleblowing which ensures that the whistleblower and all of his or her associates who are providing evidence to the incident or to the episode, all of them are protected. It should encourage ethical practices and most importantly it should ensure that the people who are taking a decision on the whistleblowing, they must come from the senior level and if the whistleblowing is proven, then there should be a timeline for the consequences on an individual and institutional level. Thank you so much.