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Court Decision Could Advance Compliance at Private Companies

Jaclyn Jaeger | March 18, 2014

A U.S. Supreme Court decision earlier this month has significantly expanded whistleblower protections under the Sarbanes-Oxley Act, effectively creating new compliance headaches for private companies that perform services for publicly traded companies.

The Supreme Court ruled that Sarbanes-Oxley prohibits not just public companies from retaliating against their employees for engaging in protected whistleblower activities, but also the private contractors of those public companies. The decision means that many private companies are now subject to Sarbanes-Oxley whistleblower claims, which could be problematic since most don't have proper anti-retaliation compliance controls in place.

“This is a landmark decision of sweeping importance for a whole new category of companies that likely expected they weren't covered in the first place,” says Steven...

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