Ethics Policies vs. Whistleblower Policies – What’s the Difference?

Many companies and organizations have a code of ethics and best practices. However, these policies are useless unless you have a meaningful way to handle violations. This means in addition to a code of ethics and best practices, your company should also have in place a whistleblower policy for reporting violations.  While there are similarities

What is a Whistleblower Compliance Hotline?

Continental Message Solution’s Whistleblower Compliance Hotline Service, also referred to as a Fraud and Ethics Hotline, is a third-party incident reporting solution. The hotline functions as a safe, anonymous means for employees and stakeholders to file complaints and report suspicious activity. Does My Company Need a Whistleblower Compliance Hotline? The Sarbanes-Oxley (SOX) act requires all

Standard Elements of a Whistleblower Policy

Since the passing of the Sarbanes-Oxley act and, more recently, the Supreme Court’s decision to expand whistleblower protection, companies have been adopting whistleblower policies to facilitate internal reporting and protect informants.  After reviewing several policies from a range of organizations, we’ve compiled some of the core elements. Our intention is to give you and your

What is a Whistleblower?

In 2002, three women—Coleen Rowley (former FBI agent), Cynthia Cooper (former WorldCom accountant) and Sherron Watkins (former Enron accountant) were honored as Time Magazine's “Persons of the Year” for blowing the whistle on power abuses, fraud and corruption they witnessed at the hands of their employers. The term “whistleblower” alludes to someone who witnesses improper

March 31, 2014|Tags: , , , , |

Supreme Court Whistleblower Ruling Impacts Private Companies

On March 4, the United States Supreme Court (SCOTUS) voted to extend whistleblower protection to employees and contractors of private companies that work with publicly traded firms. By expanding the language of the Sarbanes-Oxley Act (SOX), Justices gave many small businesses membership to a club previously reserved for privately traded companies. Under the act, companies

March 31, 2014|Tags: , , , |