Bill to Require Whistleblowers to Report Internally First

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Description: Critics of the proposed bill claim that mandatory internal reporting would deter many whistleblowers, while advocates said allowing whistleblowers to bypass companies' internal compliance programs would undermine the effectiveness of these programs, including those under the Sarbanes- Oxley Act, said Cydney Posner, co-chair of Securities Regulation at law firm Cooley. "The bill does attempt to address the SEC's concern regarding potential deterrents to internal reporting," she said in a...
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