- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-05-23T15:35:00
Whistleblowing remains a controversial topic—in more ways than one. Even the term “whistleblower” alone is enough to draw a spirited debate.
Renewed attention to the matter in recent months following the Department of Justice’s (DOJ) announcement it would begin a sprint to form its own whistleblower reward program prompted Compliance Week to convene a pair of experts for a discussion regarding a handful of whistleblower-related talking points. CW Advisory Board members Eric Young of Guidepost Solutions and Ellen Hunt of Spark Compliance Consulting participated in the exercise.
For the purpose of trying to address different sides of each issue, Young was tasked to respond in the affirmative regarding each talking point while Hunt was asked to play contrarian. Given that framework, their views expressed below might not be entirely representative of their personal feelings on these subjects.
Responses have been paraphrased for reading convenience.
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Discrimination against whistleblowers in the U.K. has risen to such a level that the government may need to actively pursue plans to afford greater legal protection, as well as introduce financial awards to compensate for their “career suicide.”
The Department of Justice’s 90-day sprint to developing and implementing a pilot whistleblower rewards program ended Wednesday, and many questions remain about what the program will entail.
The European Union’s strong stance on whistleblower protection has been undermined by member states’ wildly different approaches to punishing organizations that fail to safeguard people who raise concerns, says Wirecard whistleblower Pav Gill.
Two pairs of claimants will receive whistleblower awards totaling more than $98 million and $24 million, respectively, for information they provided to the Securities and Exchange Commission that led to an enforcement action.
The Department of Justice released the details of its long-awaited corporate whistleblower awards pilot program that will prioritize reporting in areas of corporate crime not currently covered by existing whistleblower programs.
The Securities and Exchange Commission announced its second $37 million whistleblower award in as many weeks with four claimants vying for the payout, but only one reaping the benefits.
