Corporate Culture Plays a Role in Whistleblowing and Your ESG Criteria Whistleblowing is the disclosure or reporting of wrongdoing via mechanisms that employees, clients, and suppliers use to share information on activities that violate a company’s code of ethics, legal and regulatory requirements or international human rights standards.
Create a speak-up culture with a whistleblower hotline Taking steps to minimize the risk of fraud and workplace misconduct is important for any organization. That’s why whistleblower reporting tools are becoming so fundamental for many companies. Such tools serve as an easy way for employees to tip off management about unethical practices and misconduct in the workplace without fear or repercussion, meaning it can help to uncover any wrongdoing or illegal behaviour. This can protect your reputation and bottom line.
When running a business, you are responsible for the company’s accountability and transparency. When you’re at the helm, you’re not only responsible for yourself but for your employees too, and without proper oversight and ethics guidelines, you could all find yourself in hot water. That’s why when you’re setting up a business it’s important to implement corporate governance practices. We asked 7 industry experts about their best governance practices and this is what they said.
Remember the tale of the boy who cried wolf? How do you handle a situation where an employee keeps making the same whistleblower report over and over? Your investigation team does their due diligence with each report then closes each report with the conclusion that the reported concern is not substantiated, or there was no cause found. Yet the same employee keeps making the same report over and over.
Increase employee confidence with a speak up culture A speak-up culture is a workplace culture that values and encourages employees to express their fears, provide their feedback, ask questions, raise concerns, and make suggestions without fear of retaliation or any other kind of harm resulting from speaking up.
Business ethics and corporate social responsibility in action Business ethics and corporate social responsibility have never been more important for attracting and retaining top-tier employees and a loyal customer following. Although these two terms are often confused as having similar meanings, they actually vary quite a bit. Here, we’ll explain the difference and why both are essential for any successful company today.