Details revealed of new French whistleblowing protections
France aims for improved corporate culture with the introduction of new whistleblowing protections under a law set up to beat corruption.
Photo: Shutterstock
All French companies employing at least 50 workers must implement a framework for whistleblowing by 1 January 2018, it has been decreed.
The Law on Transparency and Anti-Corruption was enacted in December 2016. For the first time in French law, it provides a definition of a "whistleblower", which covers situations where an act of corruption is reported.
Olivier Lopez, founder of TsL Avocats, writes on the Brink blog: "Like similar laws in the US and UK, the law has an exceptionally broad reach.
"For example, French prosecutors can still target corruption under the law whether or not the acts are considered corruption abroad, as long
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
‘Communication gap’ found between audit committee chairs and auditors
Audit committee chairs must push for more audit materiality information; auditors must be more transparent; and investors must understand the process better, says the Financial Reporting Council.
-
FTSE100 CEO pay falls but much further to go, say governance experts
Average pay packet for FTSE100 CEOs falls in 2016 but there are calls to rethink the measures which set their remuneration.
-
Board moves at AkzoNobel, Euromoney and Telit Communications
Major European executive Nils Andersen joins AkzoNobel as chairman; senior non-executive Colin Day takes Euromoney audit role; and Telit beefs up its board.
