In 2002, the Sarbanes-Oxley Act (SOX) was passed in response to the Enron and WorldCom scandals, offering broad protections for whistleblowers at public companies in order to encourage fraud reporting. Private companies were considered immune to the law.
But in 2014 the Supreme Court heard a challenge to SOX, and ruled that even though the plaintiffs were not employees of the publicly traded company, the SOX whistleblower statute applied to them. The reason? They suffered retaliation for reporting alleged fraud involving financial reporting of a publicly-traded company.
Here’s what the law now says:
SOX covers employees of a public company’s private contractors and subcontractors.
SOX covers privately-owned companies if they provide services for publicly-traded ones. Answer:
Explanation:
Answer:
Futures contracts are highly standardized whereas the terms of each forward contract can be privately negotiated. Futures are traded on an exchange whereas forwards are traded over the counter
Answer:
Ipapangako ko sa bayan na papagandahin ko ang ating bayan.
Explanation:
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Answer:
The Fourteenth Amendment states that All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and the State wherein they reside.
Explanation:
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Answer:
Engel V. Vitale (School Prayer)- Freedom of religion
Explanation:
The Supreme Court concluded that school- mandated prayers were unconstitutional. Teaching prayers and encouraging recitation did not go in line with all religions, therefore, the Supreme Court ruled to just stop the praying.
