{"id":513,"date":"2021-09-01T07:30:00","date_gmt":"2021-09-01T07:30:00","guid":{"rendered":"https:\/\/business.transparency.bg\/?p=513"},"modified":"2023-07-27T09:06:26","modified_gmt":"2023-07-27T09:06:26","slug":"%d1%87%d0%b5%d1%82%d0%b8%d1%80%d0%b8-%d0%bf%d1%80%d0%b8%d1%87%d0%b8%d0%bd%d0%b8-%d0%b7%d0%b0-%d0%b2%d1%8a%d0%b2%d0%b5%d0%b6%d0%b4%d0%b0%d0%bd%d0%b5-%d0%bd%d0%b0-%d1%81%d0%b8%d1%81%d1%82%d0%b5%d0%bc","status":"publish","type":"post","link":"https:\/\/business.transparency.bg\/en\/%d0%b0%d0%ba%d1%86%d0%b5%d0%bd%d1%82%d0%b8\/%d1%87%d0%b5%d1%82%d0%b8%d1%80%d0%b8-%d0%bf%d1%80%d0%b8%d1%87%d0%b8%d0%bd%d0%b8-%d0%b7%d0%b0-%d0%b2%d1%8a%d0%b2%d0%b5%d0%b6%d0%b4%d0%b0%d0%bd%d0%b5-%d0%bd%d0%b0-%d1%81%d0%b8%d1%81%d1%82%d0%b5%d0%bc\/","title":{"rendered":"Four reasons for introducing a reporting system in the private sector and four questions for the private sector"},"content":{"rendered":"

Reason No. 1:<\/strong> according to various studies, managers are increasingly recognizing that tips by employees are among the most effective and quickest ways to become aware of any problems existing in the company. A working reporting system can save time and resources that would otherwise be spent on court cases, damages and other activities not inherent to your business.<\/p>\n\n\n\n

While on government level whistleblowing is normally associated with the reporting of violations of public interest, the private sector is interested in all types of information - from personal conflicts and working conditions, through staff appraisal rules and promotion opportunities to higher management fraud.  <\/p>\n\n\n\n

In its Report to the Nations: Global Study on Occupational Fraud and Abuse<\/a> the Association of Certified Fraud Examiners (ASFE) states that in the period 2016 \u2013 2017 over 40% of occupational fraud cases were detected thanks to tips, and in 53% of the cases the whistleblower was an employee. According to a study conducted by the Australian Griffith University,<\/a>many types of offences in the private and the public sphere overlap, which makes them equally important for the company\u2019s internal ecosystem and for society as a whole.<\/p>\n\n\n\n

Do you want to waste your time, money or risk your reputation if things come down to a court case against an employee simply because there was nobody to hear them out?<\/p>\n\n\n\n

Reason No. 2:<\/strong> if a company does not have an internal reporting mechanism it is more likely that the issue will become public knowledge. This entails exponential growth of financial losses and damages to reputation.<\/p>\n\n\n\n

We have all heard of LuxLeaks<\/a> and General Motors<\/a>Obviously, big multinational companies create \u201cglobal-scale sensations\u201c but this doesn\u2019t mean that a company operating on a smaller market or outside the financial sector is immune. The UK Stafford Hospital<\/a> case exposed by nurse Helene Donnelly is only one example.<\/p>\n\n\n\n

Do you want the media to learn about your company\u2019s problems before you do?<\/p>\n\n\n\n

Reason No. 3:<\/strong> employers who give their staff the opportunity to voice their concerns over actions or problems attract professionals with sound moral values. In a world of global opportunities, corporative culture \u2013 together with bonuses, benefits and promotion opportunities - is an important criterion for ambitious and motivated employees.<\/p>\n\n\n\n

What kind of employees do you want to have working for you?<\/p>\n\n\n\n

Reason No. 4:<\/strong> introducing national regulation on reporting mechanisms and protection of whistleblowers is a global trend.<\/p>\n\n\n\n

In 2019 Directive (\u0415U) 2019\/1937<\/a>which provides specific obligations for the private sector entered into force. Sooner or later national legislation will follow.<\/p>\n\n\n\n

Lately we have witnessed many cases in which legislation was adopted without sufficient debate or adequate assessment of stakeholder capacity to comply with the respective deadlines and procedures. On one hand this puts excessive pressure on businesses which are forced to invest more human resources, funds and time than expected, and on the other hand \u2013 it creates a risk that the respective procedures and systems will exist only on paper.<\/p>\n\n\n\n

Do you want to be prepared and to avoid wasting time and efforts?<\/p>","protected":false},"excerpt":{"rendered":"

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