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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-05-24T12:00:00
Businesses found ignoring tips from employees about possible internal wrongdoing could face stiffer penalties, warned Mary Inman, partner at law firm Constantine Cannon, at Compliance Week’s 2023 National Conference in Washington, D.C.
A whistleblowing employee serves as an early warning system for the organization that a potential risk exists and needs to be addressed, said Inman, who was interviewed during a fireside chat by Neta Meidav, chief executive officer and co-founder of software company Vault Platform.
In Inman’s experience representing whistleblowers, employees want to report the issue internally.
“Whistleblowers are very loyal. They’re the people who really care about the organization,” and that’s why they take the extraordinary step of complaining, Inman said. They think well of their organization and often believe they will be well-received internally by calling out wrongdoing, she said.
Former employees Inman has represented tend to still use the word “we” when talking about their former organization, she said.
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News and analysis for the well-informed compliance or audit exec.
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2023-08-08T17:41:00Z By Kyle Brasseur
The SEC announced a $104 million award split among seven whistleblowers, but the fact nearly a dozen claimants contacted the agency seeking to provide information related to one action should be notable to companies regarding the stakes of the current whistleblower landscape.
2023-05-24T18:17:00Z By Aaron Nicodemus
Digital video subscription service Gaia will pay a $2 million fine to the Securities and Exchange Commission for allegedly overstating its paid subscribers and retaliating against an internal whistleblower.
2023-05-05T15:08:00Z By Kyle Brasseur
The Securities and Exchange Commission announced its largest-ever whistleblower award at nearly $279 million—more than double the agency’s previous record bounty.
2024-06-20T15:37:00Z By Aaron Nicodemus
A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
2024-05-23T15:35:00Z By Kyle Brasseur
Compliance Week Advisory Board members Eric Young and Ellen Hunt participate in a debate-style discussion regarding whistleblower-related topics including culture of compliance, monetary incentives, retaliation, and more.
2024-04-29T11:39:00Z By Neil Hodge
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.
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