In an effort to enhance corporate compliance and tackle corporate wrongdoing, the Department of Justice has introduced a new whistleblower awards program. The program notably provides significant incentives for individuals who report misconduct within their organizations, with the promise of substantial financial rewards. The new initiative has brought forward mixed reactions from legal professionals.
Jane Norberg, a partner at Arnold & Porter Kaye Scholer, has stated that giving companies only 120 days to self-report any corporate malfeasance for a chance at a nonprosecution agreement “puts pressure on companies.” According to Norberg, “this puts pressure on doing internal investigations quickly,” hinting at the increased urgency and thoroughness now required during internal probes.
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