Every post you see regarding ethics hotlines or whistleblower hotlines, revolves around setting up processes in place to allow employees to anonymously report on wrongdoing in the company. We see reports of securities violations, bullying and harassment, occupational fraud and abuse, money laundering... the list goes on. Many organizations have adopted hotlines to allow employees and stakeholders to report on these instances of misconduct.
Many companies have already implemented an ethics reporting program. Others might be thinking about one for some time in the future. And still others may not have even considered it. A common belief is that organizations think these programs are too expensive, or that they just don’t need one. With what seems to be a continued onslaught of corporate scandals in the media, ensuring that existing compliance programs are working correctly, or that newly implemented programs get off to a stellar start, to not have an ethics reporting program in place could be detrimental.
The G20 leaders wrapped up their two-day Summit on Saturday with a common commitment: the fight to stop corruption.
Don't let the title fool you. Everyone has been given the freedom, and power, of speech. It's something that can't be taken away from us.
Simply put, a Code of Conduct explains the expectations of employee's actions and how they positively, or negatively affect a company's assets and reputation.
Employee silence could cost a company big bucks!