The group representing company directors across Europe says whistleblowing needs clearly defined roles, not payments.
Whistleblowers should not be incentivised with financial payments, according to the European Confederation of Directors’ Associations (ecoDa).
In a statement published this week, ecoDa told companies across Europe, where whistleblowing policies are relatively new, that the corporate reputation of companies would be at risk if they fail to install the right internal practices to manage whistleblowing.
The view from ecoDa comes as the European Commission closes a consultation on the protection of whistleblowers.
EcoDa's statement said the organisation believes whistleblowing needs clearly defined roles for internal auditors
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Seven hundred companies have submitted Modern Slavery Act statements, but few have met all the core elements of the law. Resources, a lack of knowledge and a need for more guidance have all contributed to a slow start.