• Archive for April, 2017

    Whistleblowing Update: Tone Deaf at the Top and Regulatory Lapses

    by  • April 27, 2017 • Faculty Commentary • 0 Comments

    By Alexander Dill
    Clearing Corporation Charitable Foundation Practitioner in Residence

    Despite the fact (or perhaps due to the fact) that whistleblowing can be a very effective policing mechanism against wrongdoing, confidential employee hotlines often exist in obscurity, as a New York Times article pointed out concerning the Fox News Bill O’Reilly scandal. It cites one employment expert to the effect that companies often “bury information about how employees can file confidential complaints and for employees to be completely unaware of the existence of hotlines.” This is despite the fact that several federal laws require implementation of an effective whistleblowing compliance regime, ranging from Sarbanes-Oxley, the Dodd-Frank Act, and the SEC’s whistleblower rules. But it is one thing to mandate and another to create a culture of compliance that actively supports employees’ whistleblower rights. (more…)