Firms 'not doing enough' to ensure effective whistleblower protection
Published 03/03/2014 | 02:30
Companies are not doing enough to ensure so-called whistleblower protection policies are effective, according to a new report.
More than half of staff members designated to handle whistleblowers in the private and public sector have no specific training, and 57pc of organisations fail to provide feedback or progress updates to whistleblowers who do come forward to reveal potential wrong-doing.
That is according to a survey by the Chartered Institute of Internal Auditors (IIA) of organisations across the UK and Ireland.
"Boards must do more to ensure that the policies they put in place are working effectively," the Institute warned.
The IIA surveyed heads of internal audit at 137 organisations across the UK and Ireland, including 99 private sector companies.
In almost all cases, organisations said that they had whistleblowing arrangements in place, but just over two-thirds of respondents said they believed their arrangements were effective.
Irish IndependentFollow @Indobusiness