Neil V. Getnick Quoted in Corporate Crime Reporter on Whistleblowers and Corporate Compliance, Here and Abroad
Corporate Crime Reporter, the Washington-based newsletter now in its 27th year of publication, today reported on and quoted extensively from Neil V. Getnick’s Keynote Address to the Taxpayers Against Fraud gathering of whistleblower lawyers in Washington DC this week. Mr. Getnick spoke about the failure of “law-driven” compliance programs to effectively deal with corporate fraud, proposing that companies adopt “business-driven integrity” instead.
“The U.S. Chamber of Commerce representative called for a weakening of False Claims Act [whistleblower] enforcement mechanisms, emphasizing instead ‘gold standard’ compliance programs to be the primary focus for fighting fraud,” he said. “But, we have seen time and time again that major company legal compliance programs have met with spectacular failures.” He continued: “Whistleblower laws can be the great equalizer, developing reliable information, matching it up with public resources, and incentivizing integrity. That is exactly what is needed to make economic sense out of our international anti-bribery laws. That will help honest companies throughout the world to compete effectively in the global marketplace.”