J Haye's Weekly Digest, October 7th 2024
Julien Haye
Transforming Risk and Compliance into Strategic Enablers with Practical Insights and Problem-Solving Expertise | Chief Risk & Compliance Officer | LGBT Leader & Inclusivity Advocate | Chair, NED, & Trustee
Hello everyone,
Happy Monday! I hope you had a wonderful weekend.
Welcome to our new readers! I hope you find our newsletter helpful. If you have any questions or topics you want us to cover, please let me know.
This week,
Whistleblowing Policy: How to Safeguard Your Organisation and Encourage Ethical Practices
In today’s complex business environment, ensuring transparency, openness, and accountability is more important than ever to ensure the ethical management of your business or non-profit. Yet, many organisations struggle with ineffective whistleblowing systems, leaving them vulnerable to misconduct, legal, and compliance risks.
Consider these common challenges:
(1) Lack of Clear Reporting Channels: Do your employees know how to safely report unethical or illegal activities?
(2) Fear of Retaliation: Are your employees hesitant to report issues due to fear of retribution or career impacts?
(3)Unclear Definitions of Misconduct: Are you certain that your whistleblowing policy covers all necessary areas, from financial misconduct to workplace safety?
(4) Inadequate Follow-Up: Are reported issues thoroughly investigated and resolved, or do they fall through the cracks?
If any of these issues resonate, it’s time to review and strengthen your whistleblowing framework. A strong policy not only protects your employees but also safeguards your business from legal and reputational risks.
Read our latest article to learn how to implement a comprehensive, effective whistleblowing policy that promotes openness, probity, and accountability.
RiskMasters Podcast
“In sustainability, start at the top, or risk being sidelined.” – Aurore Lecanon
In this CPD accredited episode of RiskMasters, host Julien Haye sits down with Aurore Lecanon, a seasoned Chief Risk Officer in the insurance industry, to explore the intersection of sustainability and risk management. Aurore shares her unique career journey from her beginnings in the insurance sector to becoming a leader in risk management. She delves into the challenges and opportunities of integrating sustainability into corporate strategy, offering insights into the evolving nature of risk leadership and the critical role of culture, governance, and strategic alignment in achieving sustainable outcomes.
Listen to it here: https://www.aevitium.com/post/integrating-sustainability-and-risk-insights-from-aurore-lecanon-on-leadership-strategy-and-indus
Discover the Previous Interviews on RiskMasters
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Experienced NED, Head of BSM and ALM, ex- HSBC Group Head of Interest Rate Risk in Banking Book, Liquidity and Funding Risk, Recovery and Resolution, IRRBB, Stress Testing, Fintech, Experienced Trainer in TRM
1 个月Whistleblowers are often punished for whistleblowing, unless there is an army of people behind to come forward and speak up. Sad truth of life. even less whistleblowers at senior level of organisation management.