Assignment 1 Sarbanes Oxley Act

In: Business and Management

Submitted By Tiptoe12
Words 880
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Whistleblowing and Sarbanes-Oxley:

Examining Publicly Traded Companies

Abtract
A whistleblower is a person who exposes misconduct, alleged dishonesty or illegal activity occurring within an organization. A whistle-blower will speak out, typically to expose corruption or dangers to the public or environment. The alleged misconduct, danger or corruption may be classified in many ways; such as, a violation of a law, rule, regulation and/or a direct threat to public interest, such as fraud, health and safety violations, and corruption. Whistleblowers may make their allegations internally to other people within the organization, or externally to regulators, law enforcement agencies, media outlets or to groups that are concerned with the issues they are bringing forth. In this paper I will describe key characteristics of a whistleblower and give details on a recent case.
History of Whistle blowing and Recent Case
The Key characteristics of a Whistle-blower are a person who is honest and fearless. Whistle-blowing requires a person to have tenacity and a fighting spirit because those who take the action to Whistle-blow are in for a long, tough road. Whistle-blowers are often put under public scrutiny and shunned by co-workers and communities and go through long strenuous legal battles before seeing any justice served. Whistle-Blowers also must combat retaliation from their employers, such as being fired or put on work suspension. The first case of whistle-blowing occurred nearly 236 years ago. By a unanimous vote, The Continental Congress enacted the first whistleblower protection law in the United States on July 30, 1778. The Continental Congress was moved to act after an incident in 1777, when Richard Marven and Samuel Shaw “blew the whistle” and suffered severe retaliation by Esek Hopkins, the commander-in-chief of the Continental Navy. Congress…...

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