The Securities and Exchange Commission’s whistleblower rewards program has prompted over 50,000 tip-offs in the last decade that have led to public companies paying almost $5 billion in fines and penalties.
This is an embarrassing and costly state of affairs for some of the world’s most innovative companies, and something needs to change. If public companies want to stem the flow of fines, the solution is simple: Companies need to incentivize whistleblowers to report internally.
‘Enforcement 40’ for 2020
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