Publicly held companies, in order to be Sarbanes-Oxley compliant, are required to make a confidential Hotline procedure available to all employees. Compliance Hotlines are toll-free numbers for employees to call and speak anonymously to a specially trained agent. Agents receive reports from employees, document all feedback confidentially, and provide written reports to designated Compliance representatives in your organization.
Edcor can manage your Hotline with:
- Live support 24 x 7, 365 days a year
- Anonymous collection and reporting of employee feedback
- Standard feedback capture and reporting tools
- International access
- A dedicated hotline customized for your organization
- Cross-functional – one number can service different issues
- Low cost, high value services
Workplace Ethics Hotlines
The program can also be used as a whistle-blower outlet, giving employees an unbiased and impartial method to report issues in the workplace such as:
- Insider Trading
- Wage/Hour Violations
- Hazardous Conditions
- Accounting Misdeeds
- Data Breaches
- ERISA Violations
- Security Violations
- Corrupt Foreign Procedures
Sarbanes-Oxley ‘Whistle-Blower’ Hotline
The Sarbanes-Oxley Act requires auditing committees of public companies to establish procedures to receive, retain, and address complaints regarding accounting and auditing matters. The Act requires employers to develop a channel whereby employees can confidentially report problems. Establishment of these procedures can encourage whistle blowers to report concerns to the hotline rather than to outside authorities or the media.
Sexual Harassment Hotline
Within the last several years, there has been a marked increase in the number of sexual harassment complaints to the Equal Employment Opportunity Commission. To defend themselves in a sexual harassment suit, employers must prove that reasonable care was provided to prevent and correct sexually harassing behavior. Companies must provide an anonymous reporting mechanism to employees.