Legal Environment for Business: Ethics & Social Responsibility

Laws and Regulations, U.S. OGE

Watkins, S. S. (2003). Ethical Conflicts at Enron: MORAL RESPONSIBILITY IN CORPORATE CAPITALISM. California Management Review, 45(4), 6-19.

The article mentions ethical conflicts at Enron which led to a governmental investigation of the company--told from the perspective of a whistleblower who reported the accounting irregularities, Sharon S. Watkins, former Enron vice president and the author of this article. The extent of reform under the Sarbanes-Oxley Act, indictment of Enron's Chief Financial Officer Andy Fastow by the U.S. Justice Department, hedging of assets with special purpose entities called Raptors, memos to Kenneth Lay about related party transactions, failure of auditors to identify misleading financial statements, and executive compensation are some of the topics discussed. There are also 11 questions presented to the author concerning the scandal and her responses are included.

Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act provides that the Commission shall pay awards to eligible whistleblowers who voluntarily provides the SEC with original information that leads to a successful enforcement action yielding monetary sanctions of over $1 million. (SEC.gov)

STATEMENT OF RAJESH DE, DEPUTY ASSISTANT ATTORNEY GENERAL, OFFICE OF LEGAL POLICY, DEPARTMENT OF JUSTICE, BEFORE THE SUBCOMMITTEE ON OVERSIGHT OF GOVERNMENT MANAGEMENT, THE FEDERAL WORKFORCE, AND THE DISTRICT OF COLUMBIA, UNITED STATES SENATE
ENTITLED “S. 372 - THE WHISTLEBLOWER PROTECTION ENHANCEMENT ACT OF
2009” PRESENTED JUNE 11, 2009

Moberley, R (2012). Whistleblowers and the Obama Presidency. EMPLOYEE RIGHTS AND EMPLOYMENT POLICY JOURNAL, 16, 51-141.
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From the Internet Encyclopedia of Philosophy