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Business benefits with whistleblowing
1. Early warning: Increases your chances of obtaining valuable
tip-offs. It is an early warning system to reduce risks.
2. Brand enhancing: Demonstrates your commitment to high
business ethics.
3. Compliance to law: Helps you to comply with tougher anti-
corruption laws and address stronger legal protection of
whistleblowers.
© WhistleB, 2015 www.whistleb.com
Business benefits –
building trust and reducing risk
According to the Association of Certified Fraud Examiners
whistleblowing is the most common method to detect fraud:
 Tip-offs are consistently and by far the most common method
for detecting ethical issues. Over 40% of all cases were
detected through a tip-off.
 Organisations with Whistleblowing services detected fraud 50
% quicker, which leads to reduced reputational and financial
risks.
Early warning system
© WhistleB, 2015 www.whistleb.com
Business ethics is a world-wide trends. A whistleblowing service
shows that you mean what you say in your ethical guidelines.
“A Whistleblowing function that members of staff can trust is a key
sustainability tool for the board. It is important that irregularities… can be
reported anonymously, e.g. through an independent external third party.”
Leif Johansson, chairman of Ericsson and AstraZeneca, former CEO of Volvo and Electrolux
Quote from Sustainable Profit written by the founders of WhistleB
Brand enhancing
© WhistleB, 2015 www.whistleb.com
Stricter anti-corruption laws and stronger whistleblower protection laws, examples:
Anti-Corruption
 The U.S. Sarbanes-Oxley Act (SOX) of 2002. All publicly traded companies in the U.S. are
required to have a whistleblowing scheme, as well as their suppliers (U.S. Supreme Court
decision of 2014).
 The UK Bribery Act of 2010 and the Brazilian Anti-corruption law of 2013 puts greater
responsibility on companies to prevent corruption.
 EU Directive state that all banks and credit institutions in the EU are required to have a
whistleblowing service as of 2014, EU-Directive 36/2014.
Whistleblower protection
 Council of Europe resolution on stronger whistleblower protection of 2014.
 Stronger whistleblower protection laws: Many countries all over the world are
strengthening their whistleblower protection laws.
Compliance to law
© WhistleB, 2015 www.whistleb.com
For more information about whistleblowing, please contact us
info@whistleb.com
www.whistleb.com

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WhistleB_Business_Benefits_with_Whistlenlowing

  • 1. Business benefits with whistleblowing
  • 2. 1. Early warning: Increases your chances of obtaining valuable tip-offs. It is an early warning system to reduce risks. 2. Brand enhancing: Demonstrates your commitment to high business ethics. 3. Compliance to law: Helps you to comply with tougher anti- corruption laws and address stronger legal protection of whistleblowers. © WhistleB, 2015 www.whistleb.com Business benefits – building trust and reducing risk
  • 3. According to the Association of Certified Fraud Examiners whistleblowing is the most common method to detect fraud:  Tip-offs are consistently and by far the most common method for detecting ethical issues. Over 40% of all cases were detected through a tip-off.  Organisations with Whistleblowing services detected fraud 50 % quicker, which leads to reduced reputational and financial risks. Early warning system © WhistleB, 2015 www.whistleb.com
  • 4. Business ethics is a world-wide trends. A whistleblowing service shows that you mean what you say in your ethical guidelines. “A Whistleblowing function that members of staff can trust is a key sustainability tool for the board. It is important that irregularities… can be reported anonymously, e.g. through an independent external third party.” Leif Johansson, chairman of Ericsson and AstraZeneca, former CEO of Volvo and Electrolux Quote from Sustainable Profit written by the founders of WhistleB Brand enhancing © WhistleB, 2015 www.whistleb.com
  • 5. Stricter anti-corruption laws and stronger whistleblower protection laws, examples: Anti-Corruption  The U.S. Sarbanes-Oxley Act (SOX) of 2002. All publicly traded companies in the U.S. are required to have a whistleblowing scheme, as well as their suppliers (U.S. Supreme Court decision of 2014).  The UK Bribery Act of 2010 and the Brazilian Anti-corruption law of 2013 puts greater responsibility on companies to prevent corruption.  EU Directive state that all banks and credit institutions in the EU are required to have a whistleblowing service as of 2014, EU-Directive 36/2014. Whistleblower protection  Council of Europe resolution on stronger whistleblower protection of 2014.  Stronger whistleblower protection laws: Many countries all over the world are strengthening their whistleblower protection laws. Compliance to law © WhistleB, 2015 www.whistleb.com
  • 6. For more information about whistleblowing, please contact us info@whistleb.com www.whistleb.com