Whistleblowing and Sarbanes-Oxley Due LEG 500: Law, Ethics & Corp. Governance 7/24/14
Describe the key characteristics of a whistleblower, and briefly summarize one (1) researched instance of whistleblowing in one (1) publicly traded company within the last 12 months. The dictionary defines whistleblower as "One who reveals something covert or informs against another person, aiming to spotlight neglect or abuses that threaten the public interest." Whistleblowers can get their entitlement no matter what rank of the company they occupy as long as they have trustworthy evidence. Therefore, any employee can notify of unethical procedures or illegal that the corporation they are working for might be engaging. There are numerous cases where whistleblowers have been the vital part in the prosecution of CEOs directors, financial consultants, etc. that had been participating in illegal practices and that if there have not be because of the whistleblowers advisor the authorities would have never even notice those felonies. Whistle blowing can protect a corporation from executing unethical operations, but at the same time can be disadvantageous to the future employment of the whistleblower. Therefore, I think that in some situations, whistle blowing is needed for the company's welfare, but is it worth it to whistle blow when your career is at jeopardy. Characteristics of a Whistleblower are as follow: * Altruistically Motivated * Utilitarian * Uninterested in Altering Their Behavior * Allows Own Attitudes and Beliefs to Guide Them * Often are Well Educated and Holds Professional Positions.
The case is U.S. ex rel. Edwards v. JPMorgan