Effective Whistleblowing systems are indispensable for good compliance management. This fact also applies in China, where regulation of the matter is increasing rapidly.
High profile cases of corporate fraud, corruption, and other forms of malfeasance have highlighted the importance of addressing the importance of installing an effective system for Whistleblowers and their protection in corporate China, where this issue has gained momentum and has become a key consideration for management and compliance officers. Although a formal, standalone ‘Whistleblower Act’ has not been introduced in China yet, various other regulatory and administrative acts have been released in the past years, indirectly protecting Whistleblowers and thus reinforcing the need for establishing an adequate system.
On top of that, many companies falling under the scope of Germany’s new Supply Chain Due Diligence Act are now obligated by law to implement a mechanism for receiving and handling complaints regarding alleged violations of the Act’s provisions on human rights and environmental protection. Matters will get even more challenging once the proposed draft for the new Whistleblower Protection Act will be implemented in Germany, requiring an even larger number of companies to establish whistleblower systems covering far more than just supply chain due diligence.
- Why does Whistleblowing matter for every company?
- What do companies have to do in order to remain compliant in terms of Whistleblowing?
- What are the opportunities and challenges for employers and employees?
Join us for a comprehensive executive summary of the most important issues regarding Whistleblowing in China, ask your questions during the subsequent Q&A and enjoy an after-work drink in a welcoming networking atmosphere at German Centre Beijing.