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​The Board and Whistleblowers

Online Exclusives Matt Kelly Mar 17, 2020

Corporate boards' need for a strong, durable process to oversee allegations of executive misconduct has never been more clear.

In 2018 the CEO of Barclays, Jes Staley, was castigated by British regulators for trying to unmask a whistleblower who had raised concerns about one of Staley's top lieutenants. Barclays' board clawed back a £500,000 bonus from Staley, and regulators fined him £640,000. Regulators in New York then hit Barclays, itself, with another $15 million penalty.

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Matt Kelly

RadicalCompliance.com

Matt Kelly is an Editor and CEO of RadicalCompliance.com, an independent blog about audit, compliance, and risk management issues.