How whistleblowing helps companies
Whistleblowing is central to a company’s system of checks and balances, It can help businesses to mitigate their risks, improve their culture, and ultimately increase their performance, argues ICAEW chief executive Michael Izza.
The latest report in our ‘Connect and Reflect’ series, 'How whistleblowing helps companies', examines this in more detail and explores five benefits for companies of whistleblowing. In summary, these are:
The report goes on to offer a five-point action plan for boards, to help them better understand whistleblowing, engage constructively with it and harness it for the greater good.