Phillip Peterson, Strong Mutual Funds newly appointed president, said the firms employees need to have an easier, less intimidating way to blow the whistle on wrongdoing at
Peterson plans on Feb. 19 to make recommendations to the board that an outside firm be hired to setup a Web site and a telephone hotline where Strong employees can talk freely about their suspicions with someone outside Strong without the fears associated with speaking to a company insider.
The developments follow the resignation of Richard Strong, the firms founder, and an announcement that the company hired Goldman Sachs to explore a sale of the firm, all in the wake of uncovered impropriety at the firm.
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