Advantages of a Whistleblower Reporting System: Part IV - Key Findings of the Report

During this podcast series, I have been interviewing Dr. Kyle Welch, Assistant Professor at George Washington University (GWU), on his recently released paper, co-authored with Stephen Stubben, Associate Professor from The University of Utah, entitled “Evidence on the Use and Efficacy of Internal Whistleblowing Systems” (Report). In this paper, Welch and Stubben reviewed some 15 years of anonymized data from NAVEX Global, Inc., the sponsor of this podcast series. This data was from the company’s hotline reporting systems. Some of the key findings included that companies with a robust whistleblower and reporting system had greater profitability and workforce productivity as measured by Return on Assets (ROA) and there were fewer material lawsuits brought against the company overall and there were lower settlement costs if a lawsuit did occur. Finally, there were fewer external whistleblower reports to regulatory agencies and other authorities. We continue to take a deep dive into the Report and today, we go into the weeds to consider the key findings of the Reports. This podcast series is sponsored by NAVEX Global, Inc.  Learn more about your ad choices. Visit megaphone.fm/adchoices