Stewarts employment partner Richard Nicolle is quoted in an article in the Times published on 11 April about protections for whistleblowers contained in the Public Interests Disclosure Act 1998, and how they work in practice.
The Senior Managers Regime, which came into force last year, seeks to ensure that executives follow the rules and makes the current accusations against Barclays’ Jes Staley extremely serious.
Richard Nicolle said in the article:
“For senior managers to be seen to be focused on unmasking anonymous whistleblowers will do great damage to the confidence of anyone who does want to anonymously raise legitimate concerns,”
The article continues: ‘In the City, one of the main conduits for whistleblowers to raise their concerns is the Financial Conduct Authority. However, Mr Nicolle cautioned that the watchdog had “no track record of coming to their defence”.’
Please click here to read the full article in the Times (subscription required) – Protection written into law
Richard was also extensively quoted in a piece by People Management Magazine, a publication produced by the CIPD. In the article Richard says:
“The Jes Staley case couldn’t be more serious for confidence in whistleblowing in the financial services sector.
After the financial crisis, measures such as the Senior Managers’ Regime were meant to give all of us confidence that senior people in the industry are taking responsibility for ensuring wrongdoing is prevented, and decisions and actions that pose a risk to organisational stability are addressed.”
Read the full article in People Management – Barclays probe is ‘serious blow’ to whistleblowers
The Mirror quoted Richard in their article covering the case – Barclays boss has £1.3million bonus slashed after he tried TWICE to unmask whistleblower who criticised him
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Media contact: Lydia Buckingham, Senior Marketing Executive, +44 (0) 20 7822 8134, lbuckingham@stewartslaw.com