Resources for Sarbanes-Oxley (SOX)
Court extends Sarbox protection to whistleblowers outside US
www.ft.com Employees of US-listed companies who blow the whistle on fraud that took place in the US can be protected under the Sarbanes-Oxley law even if they are based beyond US shores, according to a landmark court ruling.
The decision, involving consultancy Accenture, overturns years of refusal by US courts to allow the extra-territorial application of Sarbox's whistleblower protection laws.
Sarbox contained new pro-whistleblower provisions when it was passed in 2002 in the wake of the Enron and WorldCom scandals. They were intended to strengthen the protections available to employees who bring to light cases of fraud.
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