The Securities and Exchange Commission is scheduled to vote on a proposal that provides incentives to private employees who expose corporate abuses - in short, a reward is up for grabs for whistleblowers....
>>>The Securities and Exchange Commission is scheduled to vote on a proposal that provides incentives to private employees who expose corporate abuses - in short, a reward is up for grabs for whistleblowers.
Such a measure is intended to prevent the massive abuses like the accounting frauds committed by companies like Enron and WorldCom.
Businesses, however, are alarmed by such a measure. They want that before whistleblowers tip the SEC on any observed abuse that the company in questions should be allowed to address the reported misconduct first.
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http://www.washingtonpost.com/business/economy/businesses-criticize-whistleblower-plan/2011/05/20/AFVdEr9G_story.html