The Wisdom of Whistleblowers
Although whistleblowing isn’t a panacea for corruption and corporate malfeasance, it has proven highly effective as a last line of defense against behavior that is both economically harmful and politically destabilizing. As such, there is a strong case for establishing a new global agency to manage the process.
NEW YORK – In September 2021, the US Securities and Exchange Commission handed an anonymous whistleblower $110 million. It was the second-highest single award to an informant whose actions have led to a successful prosecution since the SEC launched its whistleblowing program in 2012.