Phillips & Cohen partner Sean McKessy provides the SEC whistleblower’s perspective in a CNN Business article about the ways in which corporate leaders can address company misconduct.
If internal efforts fail, and fraud or other illegal behavior is at issue, it may be time to go to regulators or other authorities.
Many whistleblowers are rank-and-file employees, at least among public companies regulated by the SEC, said Sean McKessy, who was the founding chief of the SEC’s whistleblower program. The program, created under the Dodd-Frank regulatory reform law, has paid $387 million to 72 whistleblowers over the past 8 years.
Managers and executives who do come forward often don’t want their names made public, noted McKessy, now a partner at whistleblower law firm Phillips & Cohen LLP.
Read the entire article “You’re a leader. But you can’t stomach what you company is doing,” on CNN Business’ website.