Whistleblowers and
Speak-Up Culture

Increased Focus on Whistleblower incentives

Source: Securities and Exchange Commission Office of the Whistleblower

A 49% INCREASE IN WHISTLEBLOWER TIPS FROM 2022-2023

This signals a growing willingness among employees and stakeholders to report potential misconduct. This rise suggests that that the DOJ's incentives for whistleblowers to report are working. For compliance teams, this means that underscores the importance of having robust whistleblower protection programs in place.

Compliance teams need to ensure that a speak-up culture is championed internally and the reports are welcomed, operationalized, and communicated to employees and stakeholders, so that the compliance team can investigate and address reports and make an informed decision about the need to self-disclose, rather than being on defense when the regulators bring the tips to the organization.