Exact(5)
Most governance experts say that is a tough call, but many note that outside investigations into accusations of internal wrongdoing usually provide more comfort for shareholders.
The program does appear to create strange incentives within publicly traded corporations, where those who investigate internal wrongdoing must decide whether their loyalty lies with the firm or the S.E.C. — and the prospect of a cash payment.
The buildup in corporate internal controls may lead to a false sense of security that the company will be able to ferret out internal wrongdoing before it burgeons into a serious concern.
John Crane, former head of the Pentagon's whistleblower unit, revealed this week that instead of providing a safe channel for government employees to report internal wrongdoing, the system actively retaliates against them for daring to sound the alarm.
In a statement late Wednesday night, Michael Whyland, a spokesman for Mr. Silver, did not comment on the new inquiry, saying only, "When the speaker learned of the issue involving Assemblyman Kellner he immediately referred it to the Assembly Ethics Committee," referring to a panel of lawmakers who look into internal wrongdoing.
Similar(55)
Trade volumes in such contracts can increase five- or tenfold in the days before a deal's announcement.Banks have responded by tightening internal checks on wrongdoing.
Similar questions are being asked of Vinson & Elkins, another recruiting depot for Enron, which reviewed internal accusations of wrongdoing and cleared the company.
3 Saks Executives Fired Over Vendor Payments Saks Inc. said it had fired three senior executives after an internal investigation found wrongdoing in how its Saks Fifth Avenue chain was collecting so-called markdown money from vendors.
They were all found culpable of wrongdoing in internal disciplinary proceedings.
She made no systematic attempt to reveal wrongdoing to internal or external authorities, the defining action of a whistleblower.
(The Yonkers police confirmed that the woman later filed a complaint, but said an internal investigation found no wrongdoing).
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