By implementing an internal reporting (whistleblowing) program and other investigative services, an organization clearly demonstrates its commitment to good corporate governance, comprehensive risk mitigation and the establishment of a company culture that promotes a high degree of ethics and belief in its stated corporate values.
The establishment and communication of a documented Whistleblower reporting framework not only secures compliance, but increases employee and stakeholder trust in an organisation, increasing honestly and communication, leading to a net long-term benefit for the Undertaking.
Documented processes and procedures should be fair and impartial, enabling the Undertaking to follow-up in a timely, consistent and balanced manner; protecting the Whistleblower while treating other staff fairly. Documented processes support staff in avoiding bias and experiencing clouded judgement, safeguard the response team from conflict of interests and management influence.
In our experience, effectively designed and operated whistleblower frameworks enable organisations to receive, assess, and as applicable, act upon reports to the benefit of the organisation. PwC supports clients with the design and operation of Whistleblower frameworks, and with independent third party investigations into whistleblower reports.
Navigate the interactive tabs below to explore and compare the Undertaking's rights and obligations towards the respective entities.
Employers
Private legal entities with 50 or more employees and public legal entities operating in defined areas.
The interactive diagram below sets out how a Whistleblower, Undertaking and Component Authority interact with each other. We encourage you to explore the accessible content and get in touch with our experts Susanne Hofmann and Gianfranco Mautone to continue this conversation in more depth.
Whistleblowers acting in good faith regarding qualifying subjects are entitled to protection.
The EU Directive requires that Undertakings with more than 50 employees and all Undertakings operating in regulated industries establish a Whistleblowing reporting framework. Undertakings have obligations to Whistleblowers and the Competent Authority. The Swiss proposal refers to “Employers” rather than Undertakings.
The EU Directive places additional obligations on Competent Authorities in respect of training, reporting and engagement with Undertakings.
Recent history has included high profile examples of Whistleblowers reporting directly to the public.