Whistleblowing and Sarbanes-Oxley Due Key Characteristics - 825 Words

Whistleblowing and Sarbanes-Oxley Due: Key Characteristics (Research Paper Sample) Content: .Assignment titleStudentà ¢Ã¢â€š ¬s nameCourse titleDateWhistleblowing and Sarbanes-Oxley DueThe criminal law refers to a branch of law that prosecutes a person/s by the government of a given state for committing an act that is considered unlawful. Most governments in the world have openly shown high levels of response towards enough efficiency in the delivery of public services by the organizations run under the bureaucratic codes.The primary purpose of this research paper is to discuss more on the underlying causes of the Sarbanes-Oxley Act, importance of implementing it and also define the types of protection that the Act provides the whistleblower. The second aim is to discuss the professional characteristics of a whistleblower and conduct research in a public company that has been a victim of whistleblowing in the last twelve months, the implications of the whistleblowing act to both the company and the whistleblower.Whistleblowers refer to a person who provides any form of information or an act committed by a government corporation that is considered illegal. They are classified in two being the internal whistleblowers that advocate beliefs within the organization and external ones that defend beliefs outside the organization.Professional characteristics of a whistleblower.one of these features is that they were known to be well educated and held professional positions in their field of work hence their act of whistleblowing is considered professional and hence given a chance to be investigated. Another important trait of a whistleblower is that they allow their attitudes dictate every action they take hence not easily influenced, and once they decide on taking a step to expose an individual situation, ità ¢Ã¢â€š ¬s almost impossible for other people to be able to change their minds.Whistleblowers are also are not interested in changing their behavior if need be hence able to behave according to the situation. If the actions they need to take a particular case call for the change of their attitude, whistleblowers prefer to stick to the view that suits well with the act they intend to embark. Also according to a book was written by C. Fred Alford C. Fred Alford, Ithaca, et al. London: Cornell Univ. Press, 2001, Broken Lives and Organizational Power, whistleblowers are willingly sacrificing outspoken individuals who are ready to give their all to see justice done and sacrifice their lives for justiceAccording to the research I have conducted, a lot of public companies have been the victim of whistleblowing and end up having cases to answer for illegal actions in court. On February 2016, Securities and Exchange Commission and the Department of Justice announced that legal actions be taken against Massachusetts based technology company ptc Inc. and its Chinese subsidiaries. According to James L.Brochin, David w. Brown, David Pacino et al. Mitchel E.Gertzman Massachusetts-based technology company PTC Inc. and its Chine se subsidiaries faced accusations of violations of the anti-bribery provisions and internal accounting controls and books and records. Later on, the security and exchange commission announced a preferred prosecution agreement during an investigation.According to the study conducted by safety and exchange commission, and department of justice separately, the company was found guilty of providing improper travels, gifts and entertainment amounting to 1.5 million dollars to Chinese officials in order to retain their business relations with them and as a result of this illegal business activity, the company gained profits of approximately 2 billion dollars and its officials gained improper payments.After being found guilty of the act, the company ended up paying a penalty of about 15 million dollars as the result of the violation of the expected ethics of operation which ...