A good corporate governance system forms the basis of a long-lasting business by providing better transparency in the system. This clear lens not only allows for a healthy working system but further helps develop more confidence amongst the investors of the company. To ensure there is no leak in the system and to ensure a clean business, the Whistleblowers play a major role in the organisations. These individuals are the ones that fight injustice within organisations and make them do the right thing. However, this too has its own set of challenges. This paper will allow you to better understand the current state of the Whistleblowing system across India and will also provide for a comparative analysis amongst counties like USA, Australia & New Zealand. It will further takes into consideration the importance of whistleblowing with respect to Insider Trading activities. To provide for a better analysis, an Empirical study was also conducted with subjects ranging from different age groups, backgrounds and experience with respect to their confidence in the notion and standards of protection of a whistleblower in the corporate system.