1. Explain the following statements:

(1) It has been argued that an organization that does not support those that whistle-blow because of a violation of professional standards is indicative of a failure of organizational ethics.

(2) It is a distinguishing mark of actions labeled whistleblowing that the agent intends to force attention to a serious moral problem. How does this statement relate to whistle-blowers who come forward under provisions of the Dodd-Frank Financial Reform Act?

2- What are the roles and responsibilities of independent members of the board of directors with respect to risk management and corporate governance?