Boning Up on SOX’s Subtler Sections

Finance executives with compliance responsibilities and other GRC managers (not to mention GRC writers) may be in need of a refresher course after three weeks of crisis mind-sets.

In that spirit, here’s a quick quiz:
Does an employee’s claim of fraud need to be correct to be protected under Sarbanes-Oxley’s whistle-blowing provisions?
Bonus: what is the number of the whistle- blowing section? (Hint: It’s not 404 or 302.)

The answer is no, according to Section 806. If that surprises you, you’re not alone. Sarbanes-Oxley legal expert Holly Eng, a partner in business law firm Dorsey’s labor and employment practice group, identifies several misperceptions about components of Sarbanes that rarely see the light of print.

In this highly detailed interview Eng sheds light on those misperceptions and identifies practices that can help companies strengthen their whistle-blowing policies.