HSBC’s Elhedery: banks must protect whistleblowers
Corporate culture must respect and reward complainants; compensation could help, says markets chief
Financial firms must work harder to ensure the integrity of their whistleblowing and complaints procedures, according to Georges Elhedery, HSBC’s head of global markets. Firms could consider financial incentives for whistleblowing, he added.
Following a whistleblower complaint, he said, a firm should thank the individual or individuals in question for raising the alarm. “That’s a very clear message that we appreciate [their action],” he said, at a conference on corporate culture in London
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