The Board of Directors of Fresco Pvt. Ltd. is in the process of reviewing the list of laws applicable to the company. As the Company Secretary of Fresco Pvt. Ltd., advise the Board on the components of a robust internal

An internal reporting mechanism need not be extensive however it must go far beyond a written policy. It must be designed to reflect the practices, laws and culture of the countries in which the company is operating. Any broken link in the reporting chain can interrupt the flow of information from the reporter to those who need to hear and act on it. A sound program should include the following elements: Communication: make the program known to all levels of employees Accessibility: make the program available to all the employees around the company in various local languages. Culture Appropriateness: adopt the program to the constraints imposed by local culture, history and practice. Universality: make the reporting mechanism available to relevant third parties e.g. suppliers, consultants, customers. Confidentiality and Anonymity: guarantee confidentiality and permit discreet or anonymous report. Screening: provide safeguard against frivolous or malicious reports. Collect Data: monitor reports, track them over time, identify vulnerabilities and take corrective action. Remedial action and feedback: take action and provide feedback to the reporter as appropriate. Management visibility: report to the audit committee or board of directors. Employee Protection: protect reporting employee both during employment and after departure from the company.