Recent SEC Enforcement Put Pressure on Companies to Not Stifle Whistleblowing ...Middle East

In recent months, the U.S. Securities and Exchange Commission (SEC) has stepped up its enforcement of Rule 21F-17(a), filing a number of enforcement actions against companies for stifling whistleblowing through restrictive nondisclosure agreements and other employee agreements.  New reporting by The Wall Street Journal details how these actions, including a record $10 million penalty against D. E. Shaw & Co, are causing companies to shift their cost-benefit calculation around the use of nondisclosure provisions which impede whistleblowing. “Startled by the size of the fine, some companies are taking a second look at the confidentiality provisions and nondisparagement clauses in their vario

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