What makes for an effective whistleblower hotline? Do you have a whistleblower hotline? How do you know if it's functioning effectively? Putting a whistleblower program in place is a great first step, however, it's important to take the time to measure its effectiveness.
Whistleblowing helps discourage wrongdoing! One of the best ways to minimize internal risk is to create an environment where employees feel like they are able to come forward and report wrongdoing, without being punished.
Good Always Prevails in the End! "I'm Tony Menendez, a CPA and a corporate whistleblower. A decade ago, I was Halliburton's Director of Technical Accounting and I witnessed some highly questionable accounting and auditing practices at Halliburton. After being told to "save it for the subpoena," I blew the whistle. Although, Halliburton's retaliation was swift, my journey through the legal process and the fight for my rights was not. I trusted the system and paid the price. After four years and losing at every stage in the legal process, I ran out of attorneys. With nothing left to lose, I spent several years representing myself. Now, nine years after blowing the whistle, I have prevailed and it appears that I am in the final throes of my battle with Halliburton."
The G20 Say... "Priority Number One: Whistleblowing" Whistleblower protection laws have been in place for over two decades in some countries. But it's only recently that effective laws and procedures have begun to be studied equally and become one of the priorities of the G20.