According to the latest news published by the Australian Securities and Investments Commission (ASIC) has appealed to CEOs of public firms. Financial authorities urge them to review their whistleblower policies to make sure they follow the recent regulatory framework.
It is important to say that a year ago, ASIC viewed a set of rules to find out how firms are responding to the Corporations Act’s whistleblower policy demands.
The most prevalent and concerning issues the regulator observed in the policies it reviewed involved non-transparent, imperfect or inaccurate data about potential whistleblowers.
