Whistleblower Policy

A formal governance policy that establishes procedures for employees, directors, and other stakeholders to report suspected fraud, illegal activity, or violations of company policies without fear of retaliation. The policy typically designates a reporting channel (such as a hotline or designated officer), outlines protections for whistleblowers, and describes the process for investigating complaints. Whistleblower policies are required for public companies under the Sarbanes-Oxley Act and are a best practice for nonprofits and private companies.