Whistleblowing and Sarbanes-Oxley Act Student Name College or University Name LEG500 – Law, Ethics, and Corporate Governance Professor’s Title Date Whistleblowing and Sarbanes-Oxley The federal government passed and put into law the Sarbanes-Oxley Act of 2002 (SOX) to primarily protect whistleblowers from retaliation for reporting corporate fraud and financial malfeasance to the government. The negligence became apparent in the 1990’s when corporations such as Enron, HealthSouth, Tyco and WorldCom
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Remember this is research, not your opinion. Personal opinions do not count in research papers, just facts. Some things to consider: 1. What is the obligation of an employee to his company versus society? 2. What might be the consequences of whistleblowing? 3. How might you avoid the mistake of an inappropriate allegation? 4. Are there any laws to protect whistleblowers? 5. Who do you go to, to blow the whistle? 6. Depending on the severity of what you’re going to whistle on, do you think your
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Isaiah Dixon p.3 WHISTLE BLOWING WhistleBlowing: Whistle blowing is informing on illegal and unethical practices in the work place it is becoming increasingly common as employees speak out about their ethical concerns at work. It can have disastrous consequences for the individual, as well as threatening the survival of the organization that is being complained about. This paper aims to provide a balanced approach to this topic, which has generated much controversy and debate. I would
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product=leg-500-week-3-assignment Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION LEG 500 Week 3 Assignment, Although there are many references to famous whistleblowers, such as those at WorldCom and Enron, whistleblowing cases can happen in any company and whistleblowers’ actions can have dire consequences for the company, employees, and stakeholders. There are inherent qualities that typify whistleblowers, such as being altruistically motivated or selfless, highly
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What’s in a name? – Would whistle-blowing be a more acceptable practice if it was called by another name? What other names might it be called that would find acceptance in corporate culture? Organizations should use a more acceptable name to encourage employees to come forward with concerns or complaints of wrongdoings within the company. Whistle-blowing may be a strong incentive for some individuals. However, often both the whistle-blower and the individual involved in the wrongdoing are
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A Case Study of the Illegal and Unethical Behavior in Corinthian Colleges, Inc. Benancio Varela benancio.varela@yahoo.com GM 591 Leadership and Organizational Behavior Professor Horst August 10, 2011 Introduction Corinthian Colleges, Inc., (CCi) by way of more than 102,000 students enrolled as of March 31, 2011, is one of the leading post-secondary education companies in North America. Their duty is to change students' lives. They present diploma and degree programs that prepare students
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Shiqi Wang ACCT 4456 Professor Steve Jensen September 22, 2015 WorldCom Case Analysis According to the section 301.4 of Sarbanes-Oxley Act of 2002, each audit committee shall establish procedures for complaints regarding accounting, internal accounting control, and auditing matters, and the anonymous complaints regarding questionable accounting or auditing matters. However, in this case, the WorldCom Company did not have the procedures for anonymous complaints, so Cynthia Cooper decided to
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Reporting Practices and Ethics Paper Reporting Practices and Ethics Paper Introduction In the health care industry organizations have to create guidelines and principles in order to successfully succeed. Implementing the four key elements of financial management and federally enforced principles are not enough. Ethics has also played a big role in the success of an organization. Many companies set up their own professional guidelines so that all employees maintain the same goal and
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to provide protection to employees who report incidences of abuse of power. Whistleblower policy also offers guidance to employees to avoid cases of disgruntled employees from making a reckless and malicious accusation to achieve selfish goals. Whistleblowing is crucial because it enable employees to report potential organizational wrongdoings to the management thereby providing the company with an opportunity to investigate and take the necessary action (Goodson,
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stakeholders invested in PharmaCARE, analyze the ethics of their treatment of the indigenous population and its rank-and-file workers versus the executives, and determine whether Allen can legally fire a few of his employees. Also, determine Allen’s whistleblowing opportunities, obligations, and protections. I will assess PharmaCARE’s environmental initiative against the backdrop of its anti-environmental lobbying efforts and Colberian activities and analyze the original purposes of and the changes to Comprehensive
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