The Sarbanes-Oxley Act of 2002, enacted in the wake of major corporate accounting scandals at companies such as Enron, WorldCom and, yes, Tyco International, established a multiprong approach to protect shareholders of publicly held companies from corporate greed. Congress included in the act a whistleblower protection provision, Section 806, that made it illegal for a publicly traded company to take an adverse personnel action against an employee because that employee engaged in "protected activity," such as reporting fraud against shareholders. Congress correctly recognized that individuals with the most information about company fraud are often current employees who require robust legal protections to be able to report fraud without fear of reprisal.
To view this content, please continue to Lexis Advance®.
Not a Lexis Advance® Subscriber? Subscribe Now
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
For questions call 1-877-256-2472 or contact us at email@example.com