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In the early 2000s, corporate and accounting scandals involving Enron, Tyco, WorldCom, and other publicly traded companies cost investors billions of dollars and prompted federal legislation to reform corporate financial practices. The Sarbanes-Oxley Act (SOX) covers everything from mandatory financial disclosures to enhanced penalties for white-collar crime to requiring a company’s CEO to sign corporate […]
The information in today’s issue is adapted from a course in the Leadership for Employees Library on TrainingToday called “Business Ethics—What Employees Need to Know.” HR experts and labor and employment attorneys agree that businesses—regardless of their industry or size—should be concerned about the ethical conduct of their employees. According to a survey by the […]
The Occupational Safety and Health Administration (OSHA) has announced changes aimed at strengthening its protection of employees who report suspected unlawful activity on the part of their employers. The plan to correct problems with the Whistleblower Protection Program comes after OSHA conducted a top-to-bottom review prompted by audits of the program by the Government Accountability […]
by J. Robert Brame, McGuireWoods LLP In the 1990s, there was a growing concern about the “criminalization” of corporate law, in part justified by the passage of the Sarbanes-Oxley Act, which placed real criminal risks on top managers. While Sarbanes-Oxley was no threat to HR managers at first, innovative prosecutors and plaintiffs’ attorneys are changing […]
This year’s “perfect storm” of events — from terrorism in Times Square to the dreaded 1,000-year flood in Tennessee to the devastating oil spill off the Gulf Coast — should again remind employers of the need to establish a crisis management and business continuity plan (CMBCP). The time for corporate complacency is long gone. Workplace […]