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Sarbanes-Oxley News & Developments
Whistleblower Protections in the Nonprofit SectorThe scandals that prompted Congress to enact SOX have not been limited to the private sector.
> > Since the enactment of the Sarbanes-Oxley Act of 2002 (SOX), publicly traded companies have begun to focus on protecting whistleblowers and providing mechanisms for employees to raise concerns. This results from numerous provisions in SOX that mandate whistleblower protection, a high number of SOX whistleblower-retaliation complaints filed with the U.S. Department of Labor, and the realization that it is better for an organization to learn about unethical or unlawful conduct internally than to find out about the conduct from a news article, a subpoena from law enforcement, or an investigation from a regulatory agency.
Source: Jason M. Zuckerman / attorney
Published:2005-10-03
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