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Order: Confidentiality agreements cannot inhibit whistleblowing
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Case Law, Corporate Governance
Tuesday, April 7, 2015
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The Securities and Exchange Commission and KBR Inc. entered into a settlement in which KBR agreed that it no longer will prohibit employees from discussing internal investigations without prior authorization. The commission cited its authority under Section 21F of the Securities Exchange Act of 1934, which was added by the Dodd-Frank Act, to encourage whistleblowers to report possible violations of securities laws. Read on for the details.
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