The article in the url link below reports an important legal decision in the U.S. that enhances whistleblower protection under the Sarbanes-Oxley legislation. The story was considered important enough by the FT to put on its front page (Issues: Corporate Governance—Reporting, p108):
“Employees of US-listed companies who blow the whistle on fraud that took place in the US can be protected under the Sarbanes-Oxley law even if they are based beyond US shores.”
U.S. courts hade been reluctant to establish such protections before because of issues surrounding jurisdiction outside U.S. territory (Issues: Litigation, p245). The difference in this case was decided by the court to be that:
“[The plaintiff] could be protected because measures allegedly taken against her by the company were orchestrated in the US.”
Take care
Dave
Bill Werther & David Chandler
Strategic Corporate Social Responsibility
© Sage Publications, 2006
http://www.sagepub.com/Werther
Court extends Sarbox protection to whistleblowers outside US.
By JEREMY GRANT
402 words
15 February 2008
Financial Times
Asia Ed1
Page 13
http://www.ft.com/cms/s/0/5cad98a8-db32-11dc-9fdd-0000779fd2ac.html
or
http://us.ft.com/ftgateway/superpage.ft?news_id=fto021420081719578376&page=1
