Hidden Cost of Corruption Crisis

Most private sector workers, voters and taxpayers don’t understand the hidden cost of corruption.

Imagine successfully recruiting and investing 20 or 40 or 80 thousand pounds over 10 or 20 or 30 years in 1 of your best employees to the point that they know the operations inside out …. and then plot to force them to leave because they uncover a financial irregularity or a management failure that nobody dares to admit.

Should otherwise oblivious taxpayers expect to absorb the hidden cost to needlessly lose employees with expertise and loyalty and integrity and to backfill with less experienced employees unfamiliar with the operations, with costly errors in the meantime, then groomed to not care about integrity and to not whistleblow in any circumstances whatsoever …. or else?

The HR director could but doesn’t calculate an estimated cost of corruption.  As the former Manx Industrial Relations Service director, the HR director must be acutely aware of the incredible scale of corruption based on 200+ finalised MIRS settlements.  Does that imply that world class corporate governance claims are false?  Ask yourself why so many out of court settlements are required and why such settlements are subject to non-disclosure intimidation on immediate repayment if the government considers that any further discussion with third parties amounts to “disparagement”.  It is actually illegal to seek to stop any such further discussion.

If you want to help stop injustice contact us by email via tynwaldpapers@gmail.com in the first instance.