Improving whistleblower protection in Greek companies
Improving whistleblower protection in Greek companies
June 2017

Internal reporting mechanisms that encourage company employees or third-party business partners to report any witnessed ethical or legal violation internally are an effective way for a company’s leadership to take preventative or corrective action for acts that if left undetected, could be disastrous for the company.

These Guidelines are designed to assist companies in Greece in developing and implementing effective internal reporting mechanisms. Greece’s National Anti-Corruption Action Plan (NACAP) sets out key areas of reform and defines priorities in enhancing integrity, transparency and the fight against corruption.The Guidelines reflect current international standards and good practices in whistleblower protection and are relevant and adaptable for companies operating in numerous jurisdictions.

Key information
Only 45% of Greek companies provide protection to employees reporting instances of non-compliance with laws on corruption, according to OECD survey
The standards reflected in these Guidelines should enable companies to have a protected internal reporting framework that meets the highest international standards for whistleblower protection, whilst also complying with current Greek legislation.
A company’s whistleblowing policies should consist of safe reporting channels as well as processes that protect those voicing their concerns from retaliation and can monitor management’s responses to ensure that concerns are efficiently and appropriately addressed.