Reporting bribery and misconduct in the workplace. Know-how you can be the whistleblower!
An exclusive additional topic of discussion “Building a better whistleblowing mechanism by adopting ISO 37002:2021”
Free Webinar | 29 October 2021 (Friday) | 10 am – 12 pm Malaysia Time
Whistleblowing does not only refer to the act of a whistleblower who informs, reports or discloses on someone or the organisation is conducting or going to conduct any illicit activity which may harm the interests of stakeholders. Meanwhile, it has also emerged in its mainstream functions and the essential roles in leading today‘s modern corporations to enforce effective whistleblowing policy within their compounds of governance. The world‘s famous corporate governance cases such as Enron and Worldcom have attracted the spotlight of corporate citizens to the issue of poor yet ineffective sound governance practices in corporation operations. Because of these, the impetus of enforcing and practising sound governance practices by the world national bodies, government agencies, and business community has been triggered.
One of the significant practices that must be highlighted in promoting sound governance in a corporation‘s operations will absolutely be the whistleblowing act and this act is definitely welcomed and encouraged in the workplace. In the embrace of corporate governance, myriad concepts, principles, legislative acts, codes as well as good practices have been incorporated and served as a great benchmark for modern corporations in applying them into their actual governance practices.
Good governance in any organisation involves demonstrating accountability and fostering a “speak up” culture. A new ISO standard for whistleblowing has just been published to address the importance of having a secure and effective way that employees can report concerns about wrongdoing. ISO 37002:2021 Whistleblowing management systems – Guidelines – guide implementing, managing, evaluating, maintaining and improving a robust and effective management system for whistleblowing. It is non-sector-specific and can be used by organisations of all sizes, including SMEs and those with international operations.
Following the three principles of trust, impartiality and protection, the standard covers the identification and reporting such concerns and how they are assessed and addressed. Its use will minimise or prevent potential losses and ensure compliance with organisational policies and legal and social obligations. Suppose a corporation has its whistleblowing policy positioned in place, the clear and secure reporting channel established within its compound. In that case, a robust whistleblowing policy will decline the chances of wrongdoing or misconduct significantly. This is because all wrongdoings or misconducts can be quickly revealed and exposed under such a policy. The whistleblower will receive legal protection to avoid any detrimental action, and it could assure the most crucial sound governance and safeguard all shareholders‘ interests.
In this webinar, we will discuss a topic relating to whistleblowing in the workplace and how adopting ISO 37002:2021 Whistleblowing Management Systems help improvise the organisation whistleblowing mechanism.