October 28, 2004
Sarbanes-Oxley at Work...
A lot of people have expressed doubts about whether having whistle-blower provisions in laws such as Sarbanes-Oxley, would really work. Well, I guess it does. Looks like someone inside Daimler-Chrysler decided to test it out.
See the excerpt of the article:
"WASHINGTON (Reuters) - DaimlerChrysler AG (DCX.N: Quote, Profile, Research) (DCXGn.DE: Quote, Profile, Research) said on Thursday the U.S. Securities and Exchange Commission has opened a probe into the automaker's compliance with the U.S. Foreign Corrupt Practices Act, which includes anti-bribery provisions.
The investigation follows a whistle-blower complaint filed with the U.S. Department of Labor by a former DaimlerChrysler employee, the company said in a filing with the U.S. Securities and Exchange Commission.
DaimlerChrysler also said it is providing information to the SEC on its compliance with the Sarbanes-Oxley corporate reform law, including how the company reports information to its audit committee, as a result of another whistle-blower complaint." For the complete article, click here.
For information on how your company can effectively, rapidly and affordably comply with Sarbanes-Oxley, see www.issuescentral.com or call (416) 977-1496.
See the excerpt of the article:
"WASHINGTON (Reuters) - DaimlerChrysler AG (DCX.N: Quote, Profile, Research) (DCXGn.DE: Quote, Profile, Research) said on Thursday the U.S. Securities and Exchange Commission has opened a probe into the automaker's compliance with the U.S. Foreign Corrupt Practices Act, which includes anti-bribery provisions.
The investigation follows a whistle-blower complaint filed with the U.S. Department of Labor by a former DaimlerChrysler employee, the company said in a filing with the U.S. Securities and Exchange Commission.
DaimlerChrysler also said it is providing information to the SEC on its compliance with the Sarbanes-Oxley corporate reform law, including how the company reports information to its audit committee, as a result of another whistle-blower complaint." For the complete article, click here.
For information on how your company can effectively, rapidly and affordably comply with Sarbanes-Oxley, see www.issuescentral.com or call (416) 977-1496.
