Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes back Carrie Penman from Navex with insights from the SEC’s Office of the Whistleblower Annual Report. Carrie Penman is a seasoned compliance professional and writer with a profound understanding of the surge in whistleblower reports and concerns in the SEC’s office. Penman’s perspective on the topic is that the significant rise in whistleblower tips being reported to the SEC is due to high-profile cases where whistleblowers have received substantial financial awards, which has raised awareness among employees and encouraged them to utilize the whistleblower program. She also notes a decrease in internal reporting on accounting-related issues, suggesting that organizations should further examine this trend. Penman emphasizes the importance of addressing retaliation issues and fostering a culture that encourages internal reporting. She advocates for training first-line managers and supervisors to properly handle and escalate whistleblower reports, viewing the increase in whistleblower reports as a long-term issue that requires a multi-pronged effort and cultural change within organizations. Join Tom Fox and Carrie Penman on this episode of the FCPA Compliance Report to delve deeper into this topic. Key Highlight: Increase in Whistleblower Tips and Rewards The Discrepancy Between Internal and External Reporting The Crucial Role of First-Line Managers and Supervisors in Addressing Employee Concerns Building a robust culture of speaking up Resources: Carrie Penman on LinkedIn Navex Tom Fox Instagram Facebook YouTube Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices