Why a Whistleblower Policy is an Effective Deterrent to Fraud and Other Malpratices

A whistleblower policy pertains to a statute or regulation that underlines in clear, non-equivocal terms how a person who reports a malpractice, corruption or breakage of the law is to be protected by the organization or the government. The term whistleblower or whistle blower originated from a sports referee who blows the whistle after catching a violation in the conduct of a game. Since the term’s coinage, its application has grown steadily to include a wide variety of modern-day situations. In the workplace, the employee who witnesses an act of dishonesty or non-compliance with accepted principles or practices enshrined in [&hellip

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Posted by Wally - October 8, 2012 at 12:37 am

Categories: Policy   Tags:

SEC Whistleblower Rules ? An Alert for Companies

During May 2011, SEC or the Securities and Exchange Commission sent across a notice to American public firms and proposed a rewards program for whistleblowers who give top-notch tips that lead to successful and proper enforcement initiatives. The new SEC whistleblower rules came into effect 60 days after it was submitted to the Congress. The new rules were very hotly debated and it created quite a stir in the business community. Most of them feared that the new rules would have a detrimental impact on firms, and by extension, would impact shareholder value as well. Though the new SEC whistleblower [&hellip

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Posted by Wally - October 8, 2012 at 12:36 am

Categories: Rules   Tags:

Whistle Blowing Laws And Their Implementation

A whistle blower is someone who informs the public or someone with an authority on an alleged illegal activity or activities occurring in an organization, the government or any private company. The term whistle blower was invented by Ralph Nader who was concerned of giving the action a more positive name rather than that of a snitch or a rat. Whistle blowers may make the allegations internally by telling the people involved with the organization being accused or by telling it externally to the regulators or the law enforcement or to any group concerned with the issue. External whistle blowing [&hellip

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Posted by Wally - October 5, 2012 at 5:41 am

Categories: Laws   Tags: , ,

The Need For Whistle Blower Protection

A whistle blower is someone who takes a big risk by telling the truth. To blow the whistle is to draw attention to dangerous, felonious, or inappropriate behavior in the government or in business. Most people do this to protect others. Movies often portray whistle blowing as an act so dangerous that one can be killed for doing the right thing. Although this does happen, there are many types of truths to be told and all kinds of potential repercussions.   For instance, an employee could file a complaint about unsafe conditions at his work place, such as inadequate ventilation [&hellip

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Posted by Wally - October 5, 2012 at 5:40 am

Categories: Protection   Tags: , ,

Report Tax Evasion To The IRS Whistleblower Office

If you ever thought your boss or business partner was evading tax payments but did not know what to do about it, there is a route you can take. Tax evasion is a crime, but many people feel there is a social code: that you do not turn someone in for tax evasion. At the same time, what if you pay your taxes in a timely manner every year? Do you feel that everyone else should do the same, especially people who can truly afford to? This is the moral conundrum which citizens face. Even if they would never dream [&hellip

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Posted by Wally - October 5, 2012 at 5:39 am

Categories: Tax Evasion   Tags: , ,