The Chartered Insurance Institute has published a suite of new guidance documents on whistleblowing. These include a guide for members containing information explaining what whistleblowing is, the law and regulations surrounding it, what members should consider if they have concerns and how to report these. There is also a guidance paper for supervisors and managers giving a six step plan for what to do if someone blows the whistle, and an explaination of how to design and implement effective whistleblowing arrangements (including a checklist for checking their effectiveness).
Whilst the guidance is aimed at members of the CII and directors, managers and supervisors in insurance businesses, it is of interest to any regulated business or anyone considering their whistleblowing procedures. The Department of Business, Innovation and Skills is also expected to issue more whistleblowing guidance in the next few months, as is the Financial Conduct Authority and – as demonstrated in our article on the changes proposed in the Small Business, Enterprise and Employment Bill (link to article in this month's edition), whistleblowing is likely to remain a hot topic for some time to come.