Resources for Sarbanes-Oxley (SOX)

SOX whistleblower provision doesn’t apply extraterritorially

hr.cch.com

Finding no reason to depart from the First Circuit Court of Appeals decision in Carnero v Boston Scientific (87 EPD ¶42,193 (2006), cert denied, 126 SCt 2973 (June 26, 2006)), the Department of Labor's (DOL) Administrative Review Board (ARB) has ruled that the whistleblower provision in Section 806 of the Sarbanes-Oxley Act of 2002 (SOX) does not apply extraterritorially. In other words, SOX Section 806 does not protect employees who work exclusively outside of the United States (Ede v The Swatch Group Ltd, DOL ARB, Dkt No 05-053, June 27, 2007).

View the Resource

Share or bookmarklet this web page at: