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1992 Constitution: Indemnity clause, Ex-gratia, etc... Do we still need these?
NAVEX, integrated risk and compliance management software, announces the findings of its 2022 Regional Whistleblowing Hotline Benchmark Report.
The regional report contains European findings of its global survey which tracked and analysed organisational compliance trends. Based on more than 1.37m global incident management reports made to nearly 3,500 organisations in 2021, the regional report measures whistleblowing accounts from organisations headquartered across Europe.
Notably, the EU Whistleblowing Directive has had significant impact across Europe with the regulation shaping whistleblowing activities across the European Union.
The regional benchmark findings identify the impact of the EU Whistleblowing Directive in the run-up to December 2021, as the Directive went into effect. Initial findings show that reporting volumes across Europe remained static at 0.5 reports per 100 employees.
However, when removing UK data from the equation, Europe saw a steady increase in reporting volume in the last three years – from 0.4 reports per 100 employees in 2019 to 0.6 reports in 2021.
The introduction of the Directive across EU member states has clearly been successful in raising awareness of whistleblowing and driving increased reporting.
Although the EU directive does not apply to the UK following Brexit, there are reasons for UK businesses to take note. For example, UK businesses that operate in both the UK and EU are still subject to member...
1992 Constitution: Indemnity clause, Ex-gratia, etc... Do we still need these?