What are the benefits? - Facts & Figures

Economic crime costs UK businesses £100m a day, in addition:-

• 85% of frauds are committed by employees.
• 55% of frauds are committed by managers.
• 43% of economic crime detected by 'Tip-off'.
• 60% of those reporting economic crime state it affected staff morale.

(Sources: Ernst & Young, PricewaterhouseCoopers and RSM Robson Rhodes).

50% of successful tribunal applicants did not report their concerns at work because:-

• they had nobody to complain to
• they felt embarrassed
• they feared they would not be believed

Combined Codes on Corporate Governance

C 3.4 The audit committee should review arrangements by which staff of the company may, in confidence, raise concerns about possible improprieties in matters of financial reporting or other matters. The audit committee's objective should be to ensure that arrangements are in place for the proportionate and independent investigation of such matters and for appropriate follow-up action.