TITLE

Does It Take a Village to Raise a Whistleblower?

AUTHOR(S)
Martin, John A.; Combs, James G.
PUB. DATE
May 2011
SOURCE
Academy of Management Perspectives;May2011, Vol. 25 Issue 2, p83
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on whistleblower identity in cases of corporate fraud. It states that only around 30 percent of class-action lawsuits from 1996 to 2004 that involved top managers had a member of the board of directors as the initial whistleblower, while the U.S. Securities and Exchange Commission and auditors were responsible for around 12 percent of cases. It mentions that the news media was responsible for 36 percent of the total dollar value of exposed fraud. It comments that whistleblower auditors were more likely to lose future business after reporting fraud, but that after the passage of the Sarbanes-Oxley Act that increased incentives of auditors to act, auditor fraud reporting increased significantly. It talks about repercussions against employees who become whistleblowers.
ACCESSION #
61020808

 

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