Whistleblower reprisals are no longer just bad optics, they could be financial grenades

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There’s a new warning for employers in regulated industries coming out of Ontario courts: if you fire an executive that has flagged compliance concerns, even if it is only one of various reasons, damages to that employee could be owing.

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And it could cost an employer millions of dollars.

This was the case for Ian McPherson, hired on as CEO and ‘Ultimate Designated Person’ or UDE at Global Growth Assets Inc. in August 2018. As of April 1, 2019, McPherson’s salary would have been $240,000 and he would have been eligible for $160,000 in discretionary bonus.

McPherson was hired after Global was sanctioned several times by the Ontario Securities Commission and ordered Global to replace the previous CEO.

The new CEO’s primary task was to bring Global into compliance with........

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