I am not sure if they have a whistleblowing policy. It is quite a large private company with £1.5 billion turnover and I am asking on behalf of my daughter who is the employee and shareholder.
No it does not refer to fraud or money laundering.
She has received within the company a negative Brand Equity report which she wants to pass on to a group of large shareholders who have no knowledge of the possible short and long term impact it will have on the company if not addressed. She wants the Board to know about it and if the Board should then inform shareholders of the deteriorating situation. She says the company do not want to disclose or discuss the issues within that report.
Await response to my last enail.
She is certain they do not want to discuss. It is not a "confidential" document or marked a such and has been circulated within the company in a small way but to managements displeasure.
If she does inform the shareholders what is her legal position and the consequences thereof? ( She may have done already?!)
Has she committed and illegal offence? Could they dismiss her immediately without compensation. She also wants to know whether the Board should keep shareholders of this private company informed as to Brand Equity on a rolling basis particularly as it does impact on shareholder value.
Forgot to mention
The report was commissioned by independent experts by management.
Any disclosure would only go to the Board via the shareholders who are concerned. She has told me that she "has" disclosed!!!! and a note has just been sent out as follows. The Company do not know who it is of course.
the note is as follows:-
My daughter definitely has support in disclosing this form although she has only discussed with myself and one major shareholder
The company is nowhere near the cusp of insolvency. The balance sheet is strong.
Look forward to receiving reply to last emails at 10.14 and 10.28.
All are shareholders including 2 Executives.
The Chairman and the Board accept the report in the context that it only forms part of the Strategy and the shareholders that have received the report it has been suggested by the Family NED's that the Chairman will respond to their questions on the issues that arise from that report. I guess it will be dealt with at the next quarterly shareholders meeting when the company will respond to those issues in detail
At present only myself and one other shareholder know where the "leak" has originated and intend not to say anything. The document has been circulated to some within and not as a confidential document and the company are asking questions of the marketing dept but not of my daughters as yet.
Are you saying she should say she is the culprit ? If she does nothing what are the consequences? Her HR report has been outstanding for the last three years
If the Company continue to search for the culprit and question her should she remain silent. They can't prove she is the culprit but may suspect. If she comes out and admits she has passed on the information they will probably want to get rid of her? Can they summarily dismiss her without pay etc?
In essence is your advice that she should continue to remain silent if questioned and see what happens?
She loves her work and only wants the company to succeed and as mentioned before has received "outstanding" in her HR reports. She feels strongly that the Board appears to not be challenging the Company enough on several matters. This is the first time she has ever discussed internal matters with me in 13 years!