This paper describes CFA UK’s views on whistleblowing. Whistleblowing should be no different to reporting a crime, or a suspicion of crime, and calling the police. Normally in such cases there would be no negative consequences for the citizens reporting these incidents. Whistleblowing is different because of career risk; a risk not mitigated by the reality of legal protections available.
Whistleblowing is not a panacea. Had we more robust checks and balances in our financial system, the emphasis on whistleblowing would be decreased. CFA UK members have a duty to be good corporate citizens and should the need arise to report your concerns, the society will support you.
Authors:
Sheetal Radia, CFA, supported by CFA UK's Market Integrity and Professionalism Committee.