Introduction Organizations are under continual pressure to adopt and maintain ethical practices. Stakeholders, including shareholders and customers, expect companies to behave ethically; when they don't, they are quick to voice their displeasure. In addition, the rise of social media has made it easier for people to share information about unethical behavior, putting pressure on companies
When it comes to safeguarding against fraud, waste, and abuse in the workplace, whistleblower hotlines play a critical role. A hotline provides employees with a confidential way to report suspected wrongdoing and can be an essential part of an organization's compliance program. When used effectively, whistleblower hotlines can be an invaluable asset for organizations. Here's
When it comes to ethics reporting and whistleblowing, there is sometimes confusion about the difference between confidential and anonymous reporting. Because both allow individuals to report misconduct without fear of reprisal, they are often used interchangeably, but there are critical differences between the two. Confidentiality refers to keeping information private between two parties, while anonymity
Third-party ethics hotlines are a requirement for publicly traded companies, but many other organizations choose to employ these anonymous reporting systems because of their benefits.
The #metoo movement has opened the world’s eyes to harassment in the workplace. Daily we are seeing new stories about celebrities and famous personalities that are being accused of harassment. Many of these stories are being taken directly to media because the victim did not have a method to safely report harassment without fear of
There is little that can hurt a company’s reputation and success quite like unethical behavior. Even the best companies can struggle from a lapse of business ethics that, when left unreported and unsolved, can cause disaster for even the most successful of corporations.
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
In 2002 the Sarbanes-Oxley act (SOX) was signed into law. In a response to multiple accounting scandals in the early 2000’s, like those at Enron and WorldCom, SOX was implemented to protect investors by creating new or enhanced standards for public company boards, management and public accounting firms. SOX consists of eleven titles and within
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
Now that some private companies are faced with meeting compliance standards set by the recent Supreme Court Sarbanes-Oxley (SOX) ruling protecting whistleblowers from employer retaliation, many employers are brushing up on whistleblower law, learning what is needed to meet compliance regulations, and retaining legal advice. Whistleblowers are employees who expose fraud, waste, or other