New Whistleblowing Regulations in the USA: How Sarbanes-Oxley failed to implement a working concept
Автор:Falko Daub Год: 2012 Издание: [не указанo] Страниц: 76 ISBN: 3639400992 Revision with unchanged content. The Sarbanes-Oxley Act 2002 established new regulations concerning the treatAment of whistleblowing employees and lawyers. The main objective for these new mechanisms was to prevent further corporate scandals as recently happened in the USA. Employees and lawyers are supposed to contribute an imAportant part in terms of monitoring corporate conduct. This essay traces the reasons behind the critique of whistleblowing regulations under the SarAbanes-Oxley Act 2002. It shows that the newly adopted rules are not capable of establishing a working concept for monitoring corporations a??from the inAsidea??. The Sarbanes-Oxley Act does not provide sufficient protection for emAployees who blow the whistle against retaliations by their employers. It failed to establish procedures to ensure that whistleblowing will no longer be ignored. Furtehermore, this essay shows that the current requirements for lawyers are not effective in terms of monitoring corporate...
