Earlier
this year, the U.S. Supreme Court ruled that whistleblower protection under the 2002 Sarbanes-Oxley (SOX) Act extends to employees of privately held companies, even the smallest “mom & pop” businesses. SOX legislation grew out of fraudulent accounting problems that brought down both Enron Corp & WorldCom Inc.
The Supreme Court ruling extended SOX whistleblower protection to employees of privately held companies of contractors & sub-contractors of public firms. This ruling will force private companies to develop internal reporting systems & anti-retaliation policies similar to thoseSo, pay additional attention on the regular basis can help to burn the unwanted fat plus generico levitra on line important source lower pressure. required of publicly traded ones.
In 2013, the number of whistleblower cases increased by more than 73% over 2012. In great part, this is attributed to the reward programs of the Justice Department & the SEC. In 2013, whistleblowing employees received $345M in rewards.
- The SEC’s program gives whistleblowers 30% of amounts the government recovers.
If your organization needs help in developing this system & policy, Trinity’s Team of Consultants can provide assistance expertly and economically.
- For more information, e mail Trinity at info@TrinityHR.netor visit our website at www.TrinityHR.net.