Phillip Peterson, Strong Mutual Funds’ newly appointed president, said the firm’s employees need to have an easier, less intimidating way to blow the whistle on wrongdoing at Strong, a subject he will address with the company’s board, Reuters reports.

Peterson plans on Feb. 19 to make recommendations to the board that an outside firm be hired to setup a Web site and a telephone hotline where Strong employees can talk freely about their suspicions with someone outside Strong without the fears associated with speaking to a company insider.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.