A company can go to extraordinary lengths to create and manage a first-in-class antibribery compliance program. It can work to send the right internal messages, nurture open communications, and be vigilant in upholding its clearly stated standards. And still, the compliance team might first read about an internal problem in The New York Times or in a letter from the U.S. Department of Justice. This is more likely than ever now that the Dodd-Frank whistleblower provisions offer a bounty of 10 to 30 percent of the ultimate fine to those providing the Securities and Exchange Commission with original information about corporate corruption.
As a practical matter, how can a company encourage employees and others with sensitive information to first report internally—quickly and fully—instead of broadcasting the details to the world? Below are eight ways to support in-house whistleblowers at your organization:
For the 8 ways click on this link:
By Alexandra Wrage
Corporate Counsel
May 10, 2012