Barclays’ chief exec attempted to find the author of anonymous letters, highlighting the importance of whistleblowing policies
Following the recent announcement of Barclays’ chief executive Jes Staley’s attempt to track down the author of anonymous letters, whistleblowing charities and
law firms have called for companies to offer more protection to workers who flag up internal problems. Staley is being investigated by financial regulators and
faces a significant cut to his pay after admitting trying to unmask a whistleblower who made allegations about a long-term associate he had brought to the bank.
While there are strict regulations in the fnancial services industry about encouraging and protecting whistleblowers, Public Concern at Work, a charity for whistleblowers, said there is “much work to be done” while GoodCorporation said the Barclays saga would be a “real test” for the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority.
See the article in HR Magazine here.
Posted May 2017
Failure to prevent economic crime looks set to become a corporate offence under the May administration. Speaking at the Cambridge Symposium on Economic Crime last in September, the attorney general, Jeremy Wright QC confirmed that a consultation on the introduction…