The Director of the Institute of Business Ethics, Philippa Foster Back CBE said:
“The HBOS Report shows that there is significant weakness in company whistleblowing arrangements which leave them vulnerable. Boards need to listen to, act upon, and report back on relevant concerns raised by their employees”
The 2015 IBE Ethics at Work survey shows that half of all UK employees still do not raise concerns about behaviour in their organisation (45%).
Of those who do speak up, only 39% said that they were satisfied with the outcome (down from 70% in 2012).
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NOTES FOR EDITORS
The Institute of Business Ethics was established by business people in 1986 to encourage and support high standards of business behaviour based on ethical values.
• We raise public awareness of the importance of doing business ethically
• We help organisations strengthen their ethics culture through the sharing of knowledge and good practice.
• We assist in the development, implementation and embedding of effective and relevant corporate ethics and responsibility policies and programmes.
The IBE is a registered charity, funded by corporate and individual subscriptions. Subscriber support, both financial and intellectual, helps us research, publish, provide training and tools to assist in the development of ethical business practice.
Press release distributed by Pressat on behalf of Institute of Business Ethics, on Thursday 19 November, 2015. For more information subscribe and follow https://pressat.co.uk/