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#1615211 - 10/13/11 02:58 PM Whistleblower Notices & Policy???????
BSBIA Offline
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Joined: Dec 2009
Posts: 21
We have whistleblower notices posted throughout the bank stating the contact info of the Chairman of the Audit Committee. Our CEO is upset that customers and employees are using this line of communication to complain about his managment behavior (none of which is illegal). He wants the notices removed. Is there a law requiring that these notices are posted? Should we revise the wording to specify "illegal activities"? Any tips would be helpful.

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#1615220 - 10/13/11 03:07 PM Re: Whistleblower Notices & Policy??????? BSBIA
ACBbank Offline
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ACBbank
Joined: Jul 2006
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New York City
I'm sorry I can't help on that matter, but this post just made my morning. I almost choked on my coffee smile
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"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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#1615528 - 10/13/11 06:58 PM Re: Whistleblower Notices & Policy??????? ACBbank
Retired DQ Offline
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Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
Whistleblower notices are required to be given to employees under Sox. The notice may be placed in the lunchroom...

I agree with ACB, that is pretty funny, tho!
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Get your facts first, then you can distort them as you please. - Mark Twain

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#1615657 - 10/13/11 08:51 PM Re: Whistleblower Notices & Policy??????? Retired DQ
renniks Offline
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renniks
Joined: Sep 2003
Posts: 2,162
New England
I just finished training all employees on the Whistleblower Policy. I made it very clear in the training what activities the policy covered and what activities the policy didn't cover. We haven't had any problems so far......

I don't know about the posting of notices. We are not publicly traded so SOX does not apply to us overall, but apparently the Whistleblower provision does apply to mutual institutions.

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#1615741 - 10/14/11 05:08 AM Re: Whistleblower Notices & Policy??????? BSBIA
Princess Romeo Offline

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Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
Originally Posted By: BSBIA
We have whistleblower notices posted throughout the bank stating the contact info of the Chairman of the Audit Committee. Our CEO is upset that customers and employees are using this line of communication to complain about his managment behavior (none of which is illegal). He wants the notices removed. Is there a law requiring that these notices are posted? Should we revise the wording to specify "illegal activities"? Any tips would be helpful.


Gee your boss sounds familiar.
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#1616728 - 10/18/11 01:25 PM Re: Whistleblower Notices & Policy??????? Princess Romeo
BSBIA Offline
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Joined: Dec 2009
Posts: 21
I thought you would all enjoy!

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