Most whistleblower policies encourage whistleblowers to speak up by ensuring them that their identity and the information they provide will be kept confidential, and that they will be protected against detrimental action.
The Covid-19 pandemic may require companies to go a step further in protecting whistleblowers. It is during periods of economic downturn that fraud, accounting irregularities and the misuse of corporate assets are likely to be at its highest as employees struggle to meet targets. Companies, more than ever, need whistleblowers to speak up. However, it is also during these periods that whistleblowers especially employees, are more reluctant than ever to do so for fear of losing their jobs and facing difficulties obtaining employment elsewhere. Companies therefore, have to consider different approaches to encourage whistleblowers to come forward.
During this program, participants will be taught how to re-assess their organizational culture to determine if there are sufficient levels of trust for whistleblowers to overcome their fear of retaliation. Participants will also be exposed to how other organizations deal with anonymous whistleblowing and other issues such as focusing on the veracity of the report regardless of the whistleblower’s motives, and how to be more explicit about the actual steps they will take to protect whistleblowers from detrimental action.
It is also important for companies to note that whistleblowers may prefer to have recourse to the protection afforded under the Whistleblower Protection Act 2010. In the light of proposed amendments intended to increase the protection of whistleblowers, companies may want to ensure that their own whistleblower policies are aligned to the provisions of the Act.
At the end of the program, participants will be able to::
- Have an in-depth understanding of the impact of the Covid-19 pandemic on whistleblower reports
- Adapt their whistleblower policies to obtain the best outcomes for both their organization, and the whistleblower
- Understand the protections afforded under the Whistleblower Protection Act 2010, and how these may be affected under the proposed amendments
Who should attend?
- Compliance Officers
- Anyone who might find this program helpful