MANILA, Philippines — The Securities and Exchange Commission (SEC) seeks to reinforce whistleblower protection policies with the assistance of the United Nations Office of Drugs and Crime (UNODC).
The SEC said the partnership aims to strengthen whistleblower protection policies as a safeguard against corruption and unauthorized activities.
The corporate regulator sees whistleblower protection as vital in gathering evidence against corruption as well as illegal and unauthorized activities since witnesses to such activities often come from within the organization.
The commission said it is also crucial in preventing fraudulent activities as individuals are more likely to think twice before engaging in unethical or illegal behavior when they know that their actions can be exposed.
“Whistleblower protection mechanisms play a crucial role in our ongoing battle against corruption and in addressing illegal and unauthorized activities that violate the laws, rules and regulations overseen by the SEC,” SEC Enforcement and Investor Protection Department director Filbert Catalino Flores III said.
“These mechanisms are not only vital for safeguarding the brave individuals who report unethical practices but also for promoting transparency and accountability within both our corporate and governmental sectors,” he said.
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