An act of “whistleblowing” is usually defined in different vocabulary within the frameworks of management sciences and law perspective. A whistleblowing act happens when a person within or outside an organization, holding sensitive information regarding illegal, unethical, or abusive activities, or any action creating a risk to harm the organization, decides to speak out, to internal or external authorities. Whistleblowers are essentially the messengers who convey the information they have somehow acquired.
Whistleblowing: Nurturing a Culture of Integrity and Accountability
Whistleblowing transcends being a mere procedural checkbox – it is a lifeline for organizational integrity and accountability. It serves as a crucial mechanism for employees, business partners, and third parties to report unethical practices, illegal activities, or violations of company policies within their organizations.
New Decrees Supplementing the Hungarian ESG Act Entered into Force
In the Hungarian Gazette of 15 August 2024, two new SZTFH (Authority for Regulated Activities) decrees were published, which supplement and further detail the provisions of the Hungarian ESG Act. The first decree on the register of ESG reports, software and qualifiers entered into force on 18 August, while the provisions on the registration of ESG reports and qualifiers enter into force on 16 September.
Erika Stark-Rittenauer and Georg Knafl Join E+H as Partners
Former Wolf Theiss Attorney at Law Georg Knafl and former OEBB-Holding Senior Compliance Expert Erika Stark-Rittenauer have joined E+H as Partners in the firm's public law department and the firm's compliance and investigations team, respectively.
New Decrees on ESG Consultants and Educational Institutions Entered into Force
In the Hungarian Gazette of 8 August 2024, four long-awaited decrees were published, which supplement and detail the provisions of the Hungarian ESG Act.
The Inside Track: Whistleblowing – In-House or Outsource?
In the Inside Track, General Counsels across CEE share the nuances of their roles, challenges, and strategies for success. With organizations continuously challenged to adapt to new and complex legal frameworks, this time we asked: For the implementation of whistleblowing requirements, do you intend to use internal resources or outsource, and why?
Whistleblower Law
On June 24, 2024, the Act on the Protection of Whistleblowers (the "Whistleblowers Act") was published in the Journal of Laws, which means that most of its provisions will come into force on September 25, 2024.