What does "whistleblowing" mean in a compliance context?

In a compliance context, "whistleblowing" refers to the act of reporting unethical or illegal activities within an organization. This can involve employees disclosing information about fraud, corruption, safety violations, or other wrongdoing that could harm the organization or its stakeholders. Whistleblowing plays a critical role in promoting accountability and transparency, as it encourages individuals to speak out against misconduct that may otherwise go unreported due to fear of retaliation.

The process typically involves reporting to designated authorities within the organization or to external agencies when internal avenues are not viable or safe. This action is vital for compliance programs, as it empowers employees to uphold ethical standards and ensure adherence to laws and regulations, ultimately fostering a culture of integrity within the workplace.