Compliance Program Essentials: Employee Reporting Mechanisms | Practical Law

Compliance Program Essentials: Employee Reporting Mechanisms | Practical Law

This Practice Note discusses the existence of a trusted and efficient employee reporting mechanism (also called an ethics, compliance, reporting, or whistleblower hotline or helpline) as a core component or hallmark of an effective corporate compliance program. Topics addressed include US regulators' expectations for effective reporting processes and the importance of confidential and anonymous reporting, an organizational culture that promotes reporting without fear of retaliation, appropriate handling of complaints, and testing hotline effectiveness using data analytics.

Compliance Program Essentials: Employee Reporting Mechanisms

Practical Law Practice Note w-034-0333 (Approx. 17 pages)

Compliance Program Essentials: Employee Reporting Mechanisms

by Practical Law
MaintainedUSA (National/Federal)
This Practice Note discusses the existence of a trusted and efficient employee reporting mechanism (also called an ethics, compliance, reporting, or whistleblower hotline or helpline) as a core component or hallmark of an effective corporate compliance program. Topics addressed include US regulators' expectations for effective reporting processes and the importance of confidential and anonymous reporting, an organizational culture that promotes reporting without fear of retaliation, appropriate handling of complaints, and testing hotline effectiveness using data analytics.