Representatives of the private sector were invited to a dialogue with the chairman and the commissioners of the Philippine Competition Commission (PCC) to discuss areas where cooperation makes sense in achieving the “level playing field” we are all interested in. All participants agreed that a level playing field involves, besides…
Representatives of the private sector were invited to a dialogue with the chairman and the commissioners of the Philippine Competition Commission to discuss areas where cooperation makes sense in achieving the “level playing field” we are all interested in. All participants agreed that a level playing field involves, besides “fair competition” anti-corruption, a fair taxation regime, data- privacy protection and cybersecurity.
The proposal targets, in particular, whistle-blowers reporting misconduct in public procurement, financial services, nuclear safety, food safety, privacy and data protection, among others. The new regulations will require companies to set up internal hotlines and shield whistle-blowers from any form of retaliation. The proposal also includes safeguards against malicious or abusive reports, as well as sources of investigative journalists.
The EC said its proposal was a game changer since it will require companies setting up internal channels for whistleblowers and also shield them from reprisals, such as sackings, demotion and even litigation.“There should be no punishment for doing the right thing,” Commission Vice President Francs Timmermans said.
Transparency International said the proposal was a bold step in recognizing the importance and rights of informants.
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