Instructions: In 300- 500 words research and answer one of the following prompts (See
below).
●In answering find at least two rules of law to share.
●Underline your rules and cite to the code/jurisdiction that they are
relevant to.
●Bring in at least two sources of information that you find credible. Use the
sources in your response and cite properly using APA or MLA.
●After bringing in the rules offer an opinion on the issue.
Prompt: Should our laws promote more Whistle blowing in companies today?
Our laws should promote more Whistle blowing in companies today.
To make my position clear, I must first define the term “Whistleblowing’’ a term used to
describe the process of disclosing unethical or illegal behavior within an organization.
With the increasing number of corporate scandals in recent years, there has been a
growing number of laws that promote whistleblowing in companies therefore, laws
should promote Whistleblowing laws.
An important law that is relevant to this is the Dodd-Frank Wall Street Reform and
Consumer Protection Act. This act was put into effect in 2010 in the United States. The
purpose was to address the different issues regarding financial and consumer
protection in 2008 after the financial crisis. The Dodd-Frank encouraged whistleblowing
to relate to securities and financial fraud. The Act established the SEC because credit
agencies have been accused of misleading investments that led to the crisis.
Another rule of law that is relevant to this issue is the Sarbanes-Oxley Act (SOX), which
was enforced in response to the Enron scandal in 2002. SOX specifically addressed
whistleblowing protection. It prohibits retaliation against employees who report deceitful
activities, securities violations, and other misconducts. Employees who believe they
have experienced retaliation under SOX can seek legal remedies such as back pay,
reinstatement, special damages, and others.
In conclusion, encouraging whistle-blowing nowadays is beneficial for companies to
operate ethically and means being liable. Two important legislations were enacted to
protect whistleblowers while rewarding those who report illegal or unethical activity
inside an organization. These are the Dodd-Frank Act and the Sarbanes-Oxley Act.
Furthermore, these companies are less likely to misconduct. To have an ethics or
compliance program has become extremely crucial. Companies must create an
atmosphere of radical transparency wherein it becomes a normal task of mundane
work, not punishable by firing or terminating from the job. This creates a healthy
