New rules to protect whistleblowers will come into effect across the European Union within the next two years following an agreement by EU leaders on Oct. 7.

The directive on whistleblower protection will guarantee a high level of protection for whistleblowers by establishing safe channels for reporting both within an organization and to public authorities, setting EU-wide standards.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...