Legal Developments in Oman

Analysis

In this latest client update on legal developments in Oman from Curtis, Mallet-Prevost, the Sultanate's whistleblowing policy amongst other things is examined.

Whistleblowing Policy in Oman

Whistleblowers play a key role in exposing corruption, fraud, incorrect financial reporting and other wrongdoing in every business and public agency.  Usually the first people to suspect unlawful or improper conduct are those who work within or with the organisation.  A typical organisation loses five percent of its revenues to fraud each year [As reported in 2012 Report to the Nations on Occupational Fraud and Abuse Association of Certified Fraud Examiners] and the longer the misconduct lasts, the more money the company or organisation will stand to lose.

Generally, whistleblowing is defined to be ‘… the disclosure of information about perceived wrongdoing in an organisation, or the risk thereof, to individuals or entities believed to be able to effect action' [TI Policy Position, # 01/2010].  The ultimate goal of whistleblowing is to protect the public interest.   It achieves this by informing people or organisations that are in a position to prevent harm to investigate or to take action against those responsible for wrongdoing.