Whistleblowing – An Important Element of Internal Control Framework

Whistlefirst18 Jan, 2021Business

Whistleblower protection hotline can be used against wrongdoers, overriding the secular internal controls and identifying the problems areas. Whistleblowing is just not the practice of reporting unethical and wrongdoings related to a business�s operations. It is more about framing a strong as well as anonymous reporting mechanism for employees and other stakeholders. It is the system of employee empowerment and education as it helps in making and managing a strong defense base for all loyal employees, who have so much to convey to their management. As a defense mechanism, Whistleblower protection hotline can be used against wrongdoers, overriding the secular internal controls and identifying the problems areas or people inside the periphery of the company. Therefore, implementing whistleblowing system at the workplace is a rising necessity these days.