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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-11-14T16:27:00
Source: Alexander Frimanson
The varied implementation of the European Union’s Whistleblower Directive across member states shows how divisive the topic remains, even despite progress made toward acceptance of the practice.
In some countries, like France, fine totals for noncompliance have been criticized for being too low. Other countries, like Poland, have proposed three years of imprisonment for executives for violations. Portugal requires whistleblowers raise concerns internally first, which violates the intentions of the EU directive, while the Netherlands mandates companies must have oral, written, and anonymous channels for whistleblowing.
With a moving target for compliance for businesses that operate across the bloc, the opportunity exists for those companies to set their own standards on whistleblowing and engender greater trust among employees, a panel discussed at Compliance Week’s Europe conference in London.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
2024-03-11T12:47:00Z By Neil Hodge
When Nick Ephgrave of the Serious Fraud Office said in his maiden speech he favored paying whistleblowers in exchange for information, he might not have been fully aware of the implications, according to legal experts.
2024-02-12T21:35:00Z By Aaron Nicodemus
The Supreme Court’s unanimous decision to reaffirm whistleblower protections under the Sarbanes-Oxley Act in a case involving UBS has wide ramifications in many other industries beyond financial services, according to legal experts.
2023-11-28T17:00:00Z By Aly McDevitt
In this episode of the Digital Transformation of Compliance podcast series, Kyle Welch, a George Washington University associate professor of accountancy, discusses findings from his research on internal whistleblowing and compliance dashboards built by publicly traded U.S. companies to leverage hotline data.
2024-06-20T15:37:00Z By Aaron Nicodemus
A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
2024-05-23T15:35:00Z By Kyle Brasseur
Compliance Week Advisory Board members Eric Young and Ellen Hunt participate in a debate-style discussion regarding whistleblower-related topics including culture of compliance, monetary incentives, retaliation, and more.
2024-04-29T11:39:00Z By Neil Hodge
The European Union’s strong stance on whistleblower protection has been undermined by member states’ wildly different approaches to punishing organizations that fail to safeguard people who raise concerns, says Wirecard whistleblower Pav Gill.
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