In The Successes and Failures of Whistleblower Laws, Robert G. Vaughn puts his life-long interest in perspective. A background with Nader’s Raiders studying federal agencies, work as an attorney representing whistleblowers, academic research and insights gained through study abroad facilitate Vaughn’s ability to evaluate the laws through theory and practice, stories and themes. From Stanley Milgram […]
Tag Archives | whistleblower
SEC Issues First Whistleblower Payout
James McRitchie, 08/21/2012 ,
A whistleblower who helped the Securities and Exchange Commission stop a multi-million dollar fraud will receive nearly $50,000 — the first payout from a new SEC program to reward people who provide evidence of securities fraud. (more…)
Video Friday: Tipping Off the SEC
James McRitchie, 08/17/2012 ,
Watch the What Happens to Tips (in wmv format) by the SEC’s Sean McKessy, Chief of the Office of the Whistleblower, and/or read the transcript below. As Broc Romanek noted, “for the most part, it provides comfort to the potential whistleblower – until you get to this phrase near the end of the video: “SEC […]
Whistleblower Systems Examined in Conference Board Report
James McRitchie, 03/28/2012 ,
Fredrick D. Lipman provides several insights to Conference Board readers drawn from his recent book Whistleblowers: Incentives, Disincentives, and Protection Strategies (Wiley Corporate F&A). . (more…)
Proxy Votes Leaked for Cash & Gifts
James McRitchie, 02/13/2012 ,
According to the New York Post (Advisory firm employee leaking shareholder voting data, whistleblower claims, a “whistle-blower” complaint has been lodged with the SEC against a midlevel employee in ISS’s Boston office who “has been (more…)
1st Dodd-Frank Whistleblower Report
James McRitchie, 11/22/2011 ,
Even thought the SEC’s final regulations for the Dodd-Frank whistleblower program just became effective on August 12, 2011, the agency has already filed its first report on the whistleblower program. During the first seven weeks of the program, the agency received 334 whistleblower tips. The SEC itself cautions that “due to the relatively recent launch of the […]
The Board’s Role in Safeguarding Reputation
James McRitchie, 04/20/2011 ,
There is a good reason why Warren Buffett wrote in a recent memo to Berkshire Hathaway managers, The priority is that all of us continue to zealously guard Berkshire’s reputation. We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation. […]
Few Whistleblower Tips: Let's Try Publicity
James McRitchie, 02/28/2011 ,
The SEC’s new whistleblower program is attracting far fewer tips than expected, despite richer rewards, just 168 complaints alleging corporate fraud in the first 6½ months of the program’s existence, a lot less than expected by Steven Kohn, executive director of the National Whistleblowers Center. (SEC Whistleblower Call Draws Few Tipsters, Kaja Whitehouse, New York […]
CEO Pay in an Age of WikiLeaks: Reporting, Rationale and Ratios
James McRitchie, 01/18/2011 ,
As has been widely reported, WikiLeaks will soon release thousands of documents revealing malfeasance, greed and incompetence at the highest levels of a major American bank, most likely Bank of America. According to WikiLeaks’ Julian Assange, this may be the biggest expose of unethical corporate behavior since the Enron scandal. (Facing Threat From WikiLeaks, Bank […]
SEC Proposes Whistleblower Regulations
James McRitchie, 11/04/2010 ,
SEC Proposes New Whistleblower Program Under Dodd-Frank Act (Press Release No. 2010-213; November 3, 2010. Section 922 of the Dodd Frank bill gives the SEC the authority to make awards to whistleblowers under regulations prescribed by the SEC of not less than 10 percent, in total, of what has been collected of the monetary sanctions […]