Does Rewarding Whistleblowers Damage Corporate Compliance Programs?

business_ethics_highlights_2Under a new plan, corporate whistleblowers in Ontario could reap financial rewards. The worry expressed in the article below is that corporations’ internal compliance programs — designed to stop problems while they’re still small — can’t compete. So if I spot wrongdoing, why help fix the problem internally, when I can wait until the problem gets big, and then report it and get a big cash payout? >>>

Will Ontario’s whistleblower program blow holes in internal compliance systems?

… the regulator certainly has stirred things up — and it can expect to receive plenty of input from lawyers concerned that the proposed whistleblower program will shatter companies’ carefully crafted internal compliance systems….

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