You work in compliance. Now you are on the horns of a dilemma. Are you going to become a whistleblower or not?
Reporting wrongdoing at work will never be easy. So why do whistleblowers go ahead?
Without internal reporting channels, employees may opt to seek a whistleblower reward by pursuing an action directly with government agencies…
We know that a co-worker has taken sensitive information. Do we report this or not? Most people might want to report it but either don’t know who to speak with or have a hard time identifying whether or not this is truly something that needs to be reported.
Management that turns deaf ears when subordinates report false billing or illegal marketing in dealing with federal or state governments can unleash a torrent of financial and reputational harm on the company. Indeed, that scenario is just the sort of situation that can turn into a full-blown, multi-million-dollar whistleblower settlement brought by a company insider under qui tam provisions of federal and state False Claims Acts.
The Importance of Compliance Audits in Today’s Intensive Enforcement Environment and Whistleblower Culture
Ben Tyman of Mintz Levin explains why periodically conducting independent, confidential compliance audits is the best way to assess these compliance risks as well as to test the efficacy of your internal compliance program in doing what, at its core, it is supposed to do.
This article by Michael Littenberg of Schulte Roth & Zabel highlights five compliance items — some of which are still at the far end of the horizon — that all public companies should have on their short list.
According to Joe Palazzolo’s recent post in Corruption Currents, “a person familiar with the matter” said the SEC “has been receiving at least one tip a day about potential foreign bribery violations” pursuant to Dodd-Frank’s new whistleblower provisions.
In one way, shape or form, whistleblowing is the theme of this week’s Friday Roundup.