Corruption Reporting Safer, Simpler Under New Legislation
It will be simpler and safer to report corruption in companies due to new legislation based on a European Union directive, according to the international consulting company EY, writes hrportal.hu.
The announcement explains that Hungarian companies employing at least 50 employees must find a solution so that employees and other stakeholders, including suppliers and subcontractors, can inform the management if they experience corporate abuse, such as human rights violations, fraud, corruption, or even suspicion of cartels.
The whistleblower must be informed of the status of the internal investigation initiated in the case within three months at the latest.
Businesses that employ between 50 and 249 employees can set up the internal abuse reporting system jointly.
Low Housing Construction Activity in Q1
CEETRA Celebrates Regional Brands in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
