In today’s edition of Daily Compliance News:
Tag: whistleblowers
Welcome to a new season of Compliance Man. This season is called True or False? In this series, I am joined by my colleague Tim Khasanov-Batirov, a compliance practitioner who focuses on compliance at international markets for over 20 years. Based on his work experience at six countries as in house compliance officer Tim now consults senior managers and compliance officers globally on complex ethics and compliance matters. On top of that Tim is a co-founder of Compliance Club, an international community of practitioners. You can learn more about Tim, his Compliance Man illustrated series, a YouTube channel and request advice from him by clicking at Timur Khasanov-Batirov at Linkedin.
In each podcast, we will take on a different issue with Tim; a hot, very often a very provocative topic from the corporate’s real life agenda and find out if is it true or false. It will be a tough and very straightforward talks. We invite you to participate in these discussions by commenting each podcast and proposing topics for True or False series. The most active listeners will be invited to join us. Let’s have a sincere conversation!
Today we talk about whistleblowers.
‘Behind the scenes” corporates are confessing that:
- They do not like whistleblowers;
- Whistleblowers bring problems;
- They do not know how to protect whistleblowers.
Yet whistleblowers bring many pluses. Some are
- Whistleblowers can protect company and management from big problems;
- Whistleblowers signal on unethical and unlawful practices.
Join us for the next episode of Compliance Man: True or False? episode. If you disagree or wish to share your views on whistleblower topic please comment below. We will be glad to hear from you. Let’s have a sincere global conversation together.
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt Kelly and Tom Fox take a look at an Op-Ed piece penned by Alexander Vindman in the Washington Post where detailed his experiences as a whistleblower in the Trump White House.
Some of the highlights include:
- What is the psychology for a whistleblower?
- What is the role of senior management in a speak up culture?
- What is the role of a CCO after a whistleblower speaks up?
- What are the ethical values of a whistleblower?
Resources
See Matt’s blog post, A Must Read on Whistleblower Retaliation on Radical Compliance.
Categories
Episode 013–Shannon Walker
On this episode of The Ethics Experts, we speak with Shannon Walker about whistleblowing, culture, and why speaking up should be more than a talking point…it should be an action.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
Amanda welcomes back Call Center Supervisor Angela Earnhardt to discuss the potential conflict of interest for compliance officers who turn into whistleblowers. Also, paleontologists and teacher-unicorns.
Check out more episodes and full episode videos at ComplianceLine.com, and don’t forget to subscribe on your favorite podcast platform!
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weeds on a recent academic paper by Stubben and Welch entitled, Are Secondhand Whistleblowing Reports More Credible. The authors reviewed data from the Navex Global data base of 2 million whistleblower reports from more than 1,000 companies from 2004 through 2017. Their findings have significant implications for CCO, GCs and Boards of Directors.
Some of the highlights include:
- Why is this the first international podcast of Compliance Into the Weeds?
- What are the key differences between a first-hand whistleblower report and a secondhand report?
- Why are over 47% more second-hand reports substantiated than first-hand reports?
- Why do first-hand reports tend to be about actions against a person and secondhand reports be about things which happened to the organization?
- What are the implications for triage/investigations of first and secondhand reports?
- Is confirmation bias at work here?
For additional reading see the following:
Matt’s blog post, Study-Second Hand Reports More Reliable, on Radical Compliance.
Stubben and Welch, Are Secondhand Internal Whistleblowing Reports Credible?
In today’s edition of Daily Compliance News:
- Did Phillips fire whistleblower to get rid of him? (com)
- Senator Warren wants Wells Fargo to explain fees charged on closed accounts. (NYT)
- Trial court rejects Alstom employee attempt to have case dismissed. (WSJ)
- Mickey is not happy about now. (MarketWatch)
In today’s edition of Daily Compliance News:
- Guyana Investigating Leases Controlled by Exxon & Tullow (Bloomberg)
- In EU 75% of those who observe illegal corp activity afraid to report it. (FT)
- KPMG to be hit by massive fine in UK. (Reuters)
- What is risk management (as in when its life or death)? (Wall Street Journal)
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into the House Financial Services bill, HR 2515, which amends the Dodd-Frank Act to clarify that whistleblowers who report misconduct to their employers and not to the SEC also have protections against retaliation under the law. This bill fixes the US Supreme Court decision in Digital Realty Trust which mandated that whistleblowers had to go to the SEC to obtain Dodd-Frank anti-retaliation protection. Some of the highlights include:
Some of the highlights include:
- What was the ruling in Digital Realty Trust?
- Why did it negatively impact whistleblowers, companies and the SEC?
- What has made whistleblowers and internal reporting so significant?
- How does the proposed fix benefit whistleblowers, companies and the SEC?
- Why should businesses get behind this proposed fix?
- What are the chances it actually is signed into law?
For more reading check out Matt’s blog post “Progress on Whistleblower Fix”
