Corporate wrongdoing at Enron, Citigroup, Bernie L. Madoff Investment Securities and WorldCom would never have come to light without employee tip-offs that were crucial to uncovering fraud and unethical practices. That’s why most major international companies have adopted whistleblower programs, including Prysmian Group.
Whistleblowing programs are one of the most effective tools for identifying fraud and misconduct. Prysmian’s compliance program set up dedicated web and telephone channels for those who may want to report possible misconduct, and may do so anonymously if they wish. The channels were monitored by an outside company, The Network Inc. In addition to these channels, Prysmian formed a Whistleblowing Committee which evaluates any concerns raised, drives specific investigations into cases where required, and ensures implementation of appropriate corrective and disciplinary measures.