KNOETZL partner, Bettina Knoetzl, President of Transparency International, Austrian Chapter, the local division of Transparency International, suggests checking out the organization’s new guidelines for whistleblowers.

As stated in the introduction of the guide, fighting corruption often requires courageous individuals – so called “whistleblowers” – to step forward to report fraud and thereby largely contribute to fighting legal violations. Consequently, companies that offer well-functioning, internal reporting systems for such violations can limit or even stop potential losses to their business and reputation.

The best practices set forth by Transparency International are designed to help companies and the whistleblowers on how to deal with sensitive situations that in implicate fraud or corruption.

For more details, you can read the complete guideline in German or contact Partner Bettina Knoetzl or your customary KNOETZL professional.