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Governance, Risk, and Compliance Handbook for Oracle Applications by Nigel King, Adil Khan

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Whistle-blower protections

We circle back with the Audit Committee of the board to ensure that they have a system for concerned employees and other stakeholders to report their concerns confidentially and without fear of prejudice.

Section 301 of the Sarbanes-Oxley states:

"(4) COMPLAINTS- Each audit committee shall establish procedures for--

(A) the receipt, retention, and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters; and

(B) the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters."

Section 806 states:

"No company with a class of securities registered under section 12 of the Securities Exchange Act may ...

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