Websites of the Month: Why and How to Encourage Whistleblowing in Your Workplace
Why encourage it?
“3 Reasons Why Whistleblowing is Important for Public and Private Companies” on the Compliance Line website here suggests that employers should actively encourage their employees to “whistleblow” because –
- “The majority of fraud is captured through Whistleblowing”. It should be one of your frontline protections against financial loss from criminal activity.
- “Whistleblowers are often close to the action and have the most important information”.
- “Whistleblowing helps align people so the organization can pursue its vision and mission”. You are in essence protecting your business from two serious risks - reputational damage and the negative consequences of corporate non-compliance.
And how to encourage it?
“How to make whistleblowing work” on the Good Corporation’s website brings together multiple suggestions on how to create a successful whistleblowing system, whilst a whistleblowing platform like Code Red (“designed in accordance with the King IV code on corporate governance which encourages ethical business leadership and organizational culture”) or Whistle Blowers makes it easy to encourage effective and anonymous online reporting.