EU Whistleblowing, What do you need in place for December 2021 – and does this apply for your business to have in order – to be compliant with the EU Whistleblowing directive?
What do we know so far, we know that businesses must establish a guarantee for an EU-wide standard for the protection of whistleblowers, and we know that the European Union adopted a regulation for whistleblower protection back in December 2019.
Here is the roadmap, key aspects of the new law, and information about what businesses need to prepare for:
The EU Whistleblowing Directive: the road map
- Time before 04 2018: Whistleblowers were good enough protected in a few EU member states. With no clear protection and defined method no employees have wanted to report misconduct or compliance in the company. The conclusion from lack of clear protective method have lead to a new governace ahead.
- 04.2018: EU Commission launches a proposal for a directive aimed at providing uniform protection for whistleblower
- 03.2019: “Provisional agreement” between the EU states and the European Parliament was reached.
- 04.16. 2019: European Parliament adopted regulations for EU-wide whistleblower protection
- 10. 2019: Official adoption of the directive by the EU Council
- 12.16. 2019: Entry of the Directive 2019/1937 into force.
- 12.2021: Deadline for implementation of ” Directive 2019/1937 by EU member states into national law.
Status today for the EU Whistleblowing Directive.
It means that all businesses in the EU must have their Whistleblowing solution in place by December 2021.
What does a business need to have in place?
A business with more than 250 employees in the EU must comply with the EU Whistleblower Protection Directive, December 2021.
If your business has 50 employees you will need to comply by the end of 2023.
The EU Whistleblowing Directive is going to support the person who knows, sees, or are aware that there is something going on – not according to law and legislation within the EU, most whistleblowers want to do an internal report, as to make the management or board aware of what is happening in an area of the business, which can also be said to be the best way to get information ahead to the right people who can excel, and contribute to an early, and effective resolution of the risk to the public risk and solution.
Every business in the EU must follow the rules and requirements laid down in the EU Whistleblower Directive and process data in accordance with the General Data Protection Regulation.
Said in short terms what does this mean:
The Protective Measures for Whistleblowers Are the Focus of the EU Directive.
The new law EU Whistleblowing Directive is to make it safe to report deviation in the business. This means for employees and staff, will now have a place to tell and give their information.
How can businesses benefit from the EU Whistleblowing
What are the benefits for the business, with the EU Whistleblowing Directive? There are actually several benefits for the business.
- Get transparency in processes and procedures.
- Openness about improvements.
- Ensure feedback and documentation in each chain
For businesses, there are advantages to ensure that the business is run accordingly to the code of conduct and that the management is well informed about performance in each link to the chain.
Business can use this as an improver.
Having the EU Whistleblowing Directive in place is insurance for the board and investors. It can support the business build resilience and agile.
At Flexco we understand the need for documentation, not only to support the compliance flow but also to get the feedback early in the chain.
Supplier insight and facts add value to your business if you can get insight into late deliveries, change in production, quality improvements. Your team will be able to faster agile and smooth address the right topics much earlier and by minimize risk and optimize performance.
Working with the EU Whistleblowing Directive as a support for the business opens for different angles of reason to initiate documentation, analysis agile and resilient.
We support building the roadmap of documentation – through real-time we ask the right people the right questions and document all answers – with the benefit of real-time analysis.
Improvements with EU Whistleblowing
EU Whistleblowing will support the informer. This makes good sense, it can be hard today to dare to tell – risking your job and work to secure the business.
The information you get in from EU Whistleblowing is to avoid failure, mistakes, and destruction.
The EU Whistleblowing Directive has its first entry in 2022. Where we will see what impact it has on businesses.
Facts are that documentation into compliance is a rising topic and how to gather information and document and analyze it, will become key for the future.
Why is there a need for an EU Whistleblowing Directive?
We are investigating why there is a demand for the EU Whistleblowing Directive – what is hidden and what has given the rise to make this needed and in demand.
If you have thoughts you like to add to this blog – send us an e-mail – until then we keep adding material as we get the subject investigated.