New requirements mean businesses need an effective solution
As the importance and prevalence of whistleblowing systems in companies continues to grow in Europe, the topic has taken on even greater importance with the creation of the EU Whistleblowing Directive.
While not all Member States will have national implementing legislation in place by the December 2021 deadline, companies will be expected to have taken steps towards setting up a compliance management system and updating it accordingly.
It's time to streamline processes and secure your data flows
With Anca Jurcovan and Nina Lazar
Romania is only one of a handful of countries that already have a draft bill implementing the new EU Directive. What will the rules mean for companies and what is important in a well-designed system?.Learn what companies should consider
84% of individual respondents believe that whistleblowing rules strengthen compliance with the law by public and private organisations
- European Commission
public consultation on whistleblower protection
An external electronic whistleblowing system has significant advantages over the alternatives
By Roland Marko, Gernot Rauter, and Helmut Waitzer
Once companies start exploring options for whistleblowing systems, the best technical solution often becomes quickly apparent.See a comparison of whistleblowing systems
Lessons learned: practical experience from Hungary's whistleblowing law
Analysis from János Tóth
With almost a decade of experience implementing designated whistleblowing legislation, Hungary has practical lessons to offer for practitioners and legislators.Read about Hungary's practical experience
Whistleblower Directive: implementation of technical aspects to date
Survey of countries in Central and Southeastern Europe
New obligations have been imposed on companies of 50 or more employees. However, member States will take different approaches on important and even controversial components of the new Directive.Learn about the status of implementation
Anonymous whistleblowing – and can digital solutions reduce the problems with it?
Analysis from Hristina Dzhevlekova and Bisera Petsovska
Anonymous reporting has become one of the most controversial elements of the topic of whistleblowing, and the EU Directive has left the issue open for Member States to decide. A look through the pros and cons concludes with a view on digital solutions to manage the challenges.Read more about anonymous reporting
The perspective of a CFO on Whistleblowing
CFO, Wolf Theiss, Austria
Management, Responsible Business Solutions
According to the motto "Don't shoot the messenger", companies bear a great responsibility in dealing with whistleblowers and should maintain and promote the safe use of such channels. Compliance is non-negotiable; laws and internal guidelines must be observed by those responsible.
For the CFO as a manager with a high affinity and responsibility for the assets and earnings situation, whistleblowing as a protective mechanism cannot be valued highly enough.
It is important to protect and preserve the assets of the company, to protect the competitiveness and the reputation of the company in order to ensure a long-term successful corporate policy for all stakeholders, namely shareholders, employees, suppliers and last but not least also for the management.
Responsible Business Solutions is 100% subsidiary of Wolf Theiss.