Whistleblower Examples Include Employees Who Report Corruption, Discrimination, Harassment, and Fraud. Examples of whistleblower cases cover considerable territory, from accounting irregularities and government fraud to racial discrimination and sexual harassment.
An “eligible whistleblower” is a person who voluntarily provides the SEC with original information about a possible violation of the federal securities laws that has occurred, is ongoing, or is about to occur.
The whistleblower may receive a reward of 10 percent to 30 percent of what the government recovers, if the SEC recovers more than $1 million. The SEC may increase the whistleblower award based on many factors, such as: How important the information that the whistleblower provided was to the enforcement action.
In the United States, both state and Federal statutes have been put in place to protect whistleblowers from retaliation. The United States Supreme Court ruled that public sector whistleblowers are protected under First Amendment rights from any job retaliation when they raise flags over alleged corruption.
There is a downside to whistleblowing, as much as it is meant to call out illegal practices. Whistleblowing brings with it a lot of attention to both the whistleblower and the organization. Then there are the legal testimonies, media interviews, and investigations that can harm the employability of the whistleblower.
One of the greatest benefits of whistleblowing in an organisation is that it provides the opportunity to catch problems early on. When the information is shared directly with the dedicated team, the company can deal with the concern immediately, before it escalates. Potentially preventing serious harm or damage.
The cons of encouraging whistleblowing at work include the potential for reputational damage to the business, particularly if the exposure occurs in the public domain. Any kind of wrongdoing within your business will, if exposed publicly, reflect badly on your integrity and your brand, and may harm your profitability.
Being a whistleblower is not easy, however, and someone inclined to act as one should expect many hurdles. If a whistleblower's identity becomes known, his or her revelations may amount to career suicide.
That's why we suggest every potential whistleblower carefully consider the pros and cons of whistleblowing in the workplace:
Aug 14, 2017
Whistleblowing is an ethical thing to do. It addresses wrongdoing and allows justice to reach the depths of companies that otherwise may remain unexposed. Honesty amongst employees helps to cultivate dedication towards the company's mission.
According to Banisar (2011), barriers to whistleblowing can be grouped under three main categories: (1) fear of retaliation; (2) legal liability; and (3) cultural barriers. ...
People might have financial interests given that some organizations and governments offerMorePeople might have financial interests given that some organizations and governments offer whistleblower bounties. But across the board when people decide to blow the whistle they're.