Library: Monthly Commentary on Business and HR Issues
Should We Pay for Whistle-Blowing
Posted: 4/4/2011 By David Wexler
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This was the headline title of a recent National Post editorial written by Edward Waitzer, the new Chairman of the Ontario Securities Commission (OSC).
For those interested in his arguments in favour of a whistle-blower programme as part of a concerted effort to enhance an enforcement regime at the OSC, I invite you to visit the National Post archives.
In the editorial however, Mr. Waitzer does make reference to the recently introduced programme in the U.S., under the Dodd-Frank Act, which authorizes payment to whistle-blowers of 10% to 30% of any monetary sanctions of over $1 million recovered as a result of original information about securities and commodities law violations.
It is understandable that in light of serious transgressions committed in both the U.....
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