In today’s world, directors increasingly expect their board to keep pace with modern technology that provides tools for board members to conveniently prepare for and participate in meetings, all while keeping information secure. In addition, with increasing challenges around ethics and compliance, directors also need to effectively and efficiently manage employee complaints from their organization while keeping whistleblowers’ identities anonymous.
Lack of communication! It's a phrase that's often heard in the workplace. Office-dwellers have said it, even more of us have heard it. But how does this phrase translate into the success of a whistleblower hotline or ethics reporting program?
Whistleblowers actually have a lot of power. They just aren't aware of it. In a recent survey by the Ethics & Compliance Initiative, nearly a third of participants who were surveyed, who did witness misconduct, chose not to report it.
Corporate compliance officers put quite a busy 2018 behind them at the end of the year, getting grips on some head-spinning events ranging from the #metoo movement, to getting up to speed with GDPR compliance regulations, and creating all the policies and procedures that speak to these new concerns and regulations, and how their companies need to address them.
What happens in Vegas stays in Vegas, right? Not at the CEI event last week. Because many of the visitors who came by our booth were either in need of a whistleblower hotline, or were wanting to leave their current provider. It's a conversation that was communicated during some of the sessions, and a conversation we had with numerous visitors to our booth. Compliance programs, big or small, need a whistleblower program.
This year's Annual Compliance Week Conference certainly delivered with powerful insights and ideas. Taking over the main floor of the historic Mayflower Hotel, many ethics and compliance professionals were not only looking forward to networking with other industry professionals, they were eager to listen to one speaker in particular.