Why whistleblowers are crucial to risk compliance

Source: Inside Financial & Risk.

The role of whistleblowers in UK companies is essential in order to establish a culture of risk compliance. What can firms do to ingrain a whistleblower culture within their firms and to protect the whistleblowers themselves?

  1. A recent case highlighted the importance of whistleblowers in UK companies and their role in reporting compliance and risk failings, and market transparency.
  2. However, it is alleged that a number of the whistleblowers were treated unfairly; one had their identity revealed while another was “bullied”.
  3. It is important that firms establish a culture where each employee is aware of their responsibilities with regard to compliance and avoiding violations. Read more