White Paper | Whistleblowing programmes today and tomorrow: 17 key questions answered
Today, many companies are recognising the value that a robust whistleblowing programme can deliver, when it is teamed with a “speak up” culture, in which employees feel empowered to raise issues. Boards and senior managers are recognising that it is far better for an employee to flag a challenge internally, where it can be resolved, then for the issue to erupt onto social media, newspaper headlines, or a regulator’s radar.
There are other benefits, as well. Whistleblowing information from employees can help reduce risk and prevent compliance breaches, ultimately contributing to better financial performance.
Governments and regulators are also recognising the value of whistleblowers, too, from a social perspective. For example, financial services regulators have strengthened whistleblowing requirements in the wake of the 2007-8 Financial Crisis, in the belief that whistleblowing could enable issues to emerge earlier, before they become such a threat to the soundness of the financial system. More broadly, the EU is putting in place a new Whistleblowing Directive, and the UK is considering updating its whistleblowing legislation as well.
This white paper is a guide to some of the more recent developments around whistleblowing, including implementing best practices and meeting compliance obligations. It asks some of the questions most frequently raised by companies seeking to improve their whistleblowing programmes – to meet new requirements and also to deliver more business value.
Content of the white paper:
- An overview on whistleblowing
- The importance of culture
- Best practices for companies
About EQS Group
Established in 2000 and trusted by thousands of companies worldwide, EQS Group provides intuitive digital compliance solutions that help you comply with regulations and meet best practice.
Whether you need to manage insider lists or gifts and hospitality, store and effectively communicate your policies, address conflicts of interest or misconduct and minimise risk, we can help. Our goal is to equip Compliance Professionals with the power of simple workflows, automated processes, advanced analytics, and simplified reporting to make their job easier. In addition to its compliance product suite, EQS Group provides investor relations digital solutions.
Today the group employs more than 400 professionals and has offices in the world’s key financial markets.