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‘More Support Needed’ For Whistleblowers

Former Olympus President Calls For Independent Helplines


The former president and chief executive of Olympus who came forward regarding concerns over fraud at the company has called for more to be done to encourage people to speak out over such issues and make the act of whistleblowing easier.

Michael Woodford, who became well-known after he exposed a $1.7 billion fraud at the Japanese optics manufacturer, has told both BBC Radio 4’s Today programme and HR Magazine that independent hotlines should be introduced at organisations.

He explained that such systems should give workers the chance to report concerns over potential wrongdoing to non-executives within large companies.

Explaining to HR Magazine, he said: “Now if you're a non-executive director you will be personally liable if you don't demonstrate scrutiny and oversight.

"If this happens it will be a really positive move and non-executives can help deliver a paradigm change in governance.”

Earlier this year, the government launched a call for evidence to examine the current laws surrounding the issue of whistleblowing and whether enough support exists for people who undertake it.