Most companies have put in place a channel through which their employees can share their concerns about possible wrongdoing and fraud. People normally prefer to stay away from using such a channel as they usually do not want to expose themselves. The whistleblowing system thus becomes a good solution for both employees and supervisors since a hotline for this purpose is used anonymously.
Training employees about the whistleblowing system is important to help them understand that the information they report via the system will be processed on a strictly confidential basis, that there will be no adverse effect or repercussion against the employees and that a fair investigation will be done by professional third parties. Without a good and practical whistleblowing system, enforcement or disciplinary measures in the company’s code of conduct or compliance policy could mean nothing.
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