Can Corporate Monitorships Improve Corporate Compliance?

Ford, Cristie; Hess, David
March 2009
Journal of Corporation Law;Spring2009, Vol. 34 Issue 3, p679
Academic Journal
The article focuses on the issue of whether settlement agreement with corporate monitorships works to improve corporate compliance or behavior. It is stated that the use of corporate monitorships as a part of settlement agreements with the U.S. Securities & Exchange Commission (SEC) and Department of Justice (DOJ) is a basic feature of corporate crime enforcement. It is reported that monitors not dealing with the issues of misconduct in the organization may be the right decision in some cases, but it is must for monitors to investigate the corporation's culture and force the corporation to address such issues to have reliable impact on corporate behavior.


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