Since the passing of the Sarbanes-Oxley Act (SOX), the governance, risk, and compliance (GRC) industry has been driven to help corporate America implement new and improved global ethics and compliance programs. The SOX has succeeded to mandate that publicly traded organizations have an international toll free number (ITFS) as their ethics hotline, and that it be provided by an outside company. This mandate will allow employees to feel more confident and comfortable when reporting violations of their ethics code and allow for total anonymity.
An international toll free number ethics hotline that is independently-owned provides a safe and reliable way to report information about breaches of the company’s Code of Conduct that happen within the workforce. The SOX Act ensures there is a way to report conduct that may be unethical, illegal, or otherwise in violation of the Code of Ethics. It eliminates any employee’s fear of reprimand or retaliation when reporting such incidents, as they are dealing with an international toll free number that is owned by an outside source that is completely unbiased. The information that is submitted is forwarded to management anonymously; management has no knowledge of who actually submitted the information of the violation through the international toll free number.
With the SOX Act, employees are now more likely to be held accountable for their actions; violations that would usually be overlooked for fear of unemployment are now more liable to be submitted to an ethics hotline through an international toll free number.