Description
Introduction
EU Member States had until 17 December 2021 to implement into their national legislation the EU Directive 2019/1937 on whistleblowers adopted on 23 October 2019.
This new framework was largely expected following several cases of whistleblowers which highlighted the need for a balanced protection. Protecting people who report some legal wrongdoings is an important element of internal control of any organisation or regulatory supervision. Whistleblower retaliation is perceived by the public as unfair and reputation damage can be serious for a firm if not properly handled. Several studies show that the number of employees who would consider using a whistleblowing mechanism increases significantly when an effective non-retaliation policy is embedded in the corporate value of a company.
What does the EU Whistleblower Protection Directive mean for your firm? What steps should you take to make sure your firm is or remains compliant with the new EU framework to be implemented in Luxembourg?
Programme
The training provides a detailed overview of the EU Whistleblower Directive.
Who is a whistleblower?
What types of wrongdoings are covered?
What are the requirements and methods for reporting channels?
What could (need to change) be the impact of the firm’s governance?
Discuss operational impacts for its implementation
For regulated Luxembourg firms, the CSSF and CAA Procedures will be reviewed in the light of the principles
How to implement an effective whistleblowing system?
How to manage internally a case of whistleblowing involvement of Senior Management/ Board of Directors?
How to implement an effective whistleblowing system?
Key requirements principles for an effective whistleblowing policy.
The course will also be complemented by interactive workshops.
Prerequisites
No prerequisite is required.
Target audience
The course is mainly for internal control functions, lawyers, Human Resources, Unions, Regulators, Civil servants, and corporate Senior Management.
Conditions
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Exam
No exam is foreseen for this training.
Certificate
At the end of the training, a certificate of attendance will be available either on your client account or on demand to the customer service.
Location
L-1615 Luxembourg
Luxembourg
Sessions et horaires
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