Whistleblowing Systems in Europe - Integrated Governance, Compliance and Risk Management Provide Extra Benefit

European companies — traditionally resistant to effective whistleblowing schemes — have started to create innovative approaches that go beyond just setting up hotlines. Innovative concepts that combine Governance, Risk Management and Compliance have been developed. This integrated approach dramatically reduces the cost of governance, risk and compliance, and makes it easier for companies to adapt to change.

Effective Whistleblowing systems provide elements of valuable risk information that shouldn't be wasted. Many managers, however, fear they could drown in unstructured and meaningless data if they start to listen to risk information from their staff as it comes. What is therefore needed are communicative structures that encourage relevant information and promise managers a systematic way to process the information.

Part One of the webcast will demonstrate a new best practice approach to whistleblowing and internal risk communication. Part Two will show elements of an enterprise-wide unified framework that helps to correlate and align all governance, risk and compliance initiatives. By providing a central repository that is re-usable and flexible, organizations can minimize duplicated efforts, optimize effectiveness, and combat complexity over the long-run. To progress beyond mere compliance to real business improvement, enterprises need feedback on inefficiencies, fraud and waste, from all of the stakeholders involved in governance, risk and compliance management.

During this webcast, we will discuss:

• Reasons for considering a new approach to internal risk communication -- or revising existing systems
• Identifying a best practice set-up
• Selecting an adequate IT-support system
• Ensuring success from preparation to implementation to transition
• Gaining executive commitment and buy-in

Presenters:

Björn Rohde-Liebenau, Founder RCC Risk Communication Concepts, advisor to the UN General Secretariat and the European Parliament, attorney and mediator

Martin Stecher, Sales Finance, SAP AG

Co-Moderators:

Ronald E. Berenbeim, Principal Researcher, The Conference Board

Andreas Metz, Research Associate, The Conference Board Europe