In French, especially in France, whistle-blowers are called “lanceurs d'alerte”. It's an appropriate expression. The term “whistle-blowing” is used everywhere because it's neutral. However, there are still problems on the English side, even in England.
I would say that the reward system is a separate system. I have some concerns about it, but in a financial situation—the SEC is a financial—then they are paying, but they are also finding that without the protections.... Even with the SEC's experience in the U.S.—and I've been in the same room with the person who set up their whistle-blowing system—most of the whistle-blowers who come to them never get a reward. It's quite limited, and in fact they're doing it because it's wrong.
It put it out there. It appealed to the money-making side, and it works a lot in the American system. It has caused great upset in Europe as well, as has anonymity and anonymous reporting. You've had fascist states, and it has been, “Go only to the state, and we will keep you...and we'll use it against other people.”
There's another thing you have to think about, which is having more than one channel for people to go to: important channels, the right channels, regulators who have the mandate to deal with the issue, managers who have the responsibility to respond, a PSIC that allows that flow to keep going to the right places, not a closed system that then isn't accountable itself.
You're absolutely right. It's about taking the responsibility for the investigation away, but not the responsibility for doing the right thing away from whistle-blowers. It's not just saying come to us, like a child, and then you are not involved anymore.