Whistleblowing

The early identification of issues is critical to a company’s ability to manage risk. Those who first know about wrongdoing, and who are best placed to know about the issues facing a business, are generally the employees within the business.

Notwithstanding any regulatory requirements, having a risk management policy that includes a strong role for the “voice” of employees and the enablement of whistleblowing is “good business practice”. It helps create an ethical climate within the business and provides a degree of assurance to potential employees, customers, shareholders and other stakeholders who may consider becoming involved with the business.