Scandals come in various magnitudes and can plague an organization’s reputation, leading to severe legal and financial consequences. As businesses increasingly compete in the global market, new risks can arise with different stakeholders that must be identified and managed appropriately. Let's explore some anti-corruption compliance best practices to ensure that your company takes a strong stance against misconduct to avoid detrimental repercussions.
Are you considering implementing a whistleblower hotline? Why should a company implement a whistleblower hotline? How to Implement a Whistleblower Hotline at Your Company Internally operated or third-party operated? Tone from the top Multiple reporting methods Anonymity to whistleblowers Anti-retaliation policy How to eliminate retaliation Educate all stakeholders Evaluate, test, audit
Canada is dead last for whistleblower protection A report released earlier this month by the Government Accountability Project and the International Bar Association found Canada ranked dead last among 37 countries recently surveyed for their whistleblower protection laws. It’s not a good look for Canada.
EU Whistleblower Directive - Deadline Is Getting Closer! What does your company need to know about the European Whistleblowing Directive?
When a whistleblower's concern is accepted and validated, it builds trust A whistleblower hotline call center can receive thousands of calls a year. Many organization have hotlines in place for employees to blow the whistle on unethical workplace conduct.
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.