Overview
The Sarbanes-Oxley Act significantly expands
existing federal whistleblower protection laws, and
public companies would be well advised to pay
special attention to these new protections for
corporate whistleblowers. Section 806 of the Act
prohibits an employer from engaging in retaliation or
discrimination against employees who report
suspected accounting or financial fraud, and
establishes a new system by which aggrieved
employees can bring an action for damages against
their employer before the Department of Labor or in
federal District Court.
The whistleblower provisions are an integral part of
the new law. Many of the questionable accounting
practices that gave rise to the Sarbanes-Oxley Act
came to light, at least in part, as a result of employees
who blew the whistle. Even before the scandals at
Enron and other companies broke, Congress had
embraced the policy of whistleblower protection as a
means to help federal regulators ferret out violations......

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Title: Sarbanes-Oxley Act Of 2002 Enacted
Approximate Word Count: 1649
Approximate Pages: 7 (250 words per double-spaced page)

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