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ABA Seeks Clarity for Corporate Monitors

Jaclyn Jaeger | February 18, 2015

The American Bar Association is mulling new standards for corporate monitors that could make the monitorship process a lot easier, cheaper, and transparent for compliance officers.

The draft standards, which are still in the discussion phase and have not been publicly released, would offer clarity on several issues about monitorships that have long perplexed companies, monitors, and government agencies alike. Among the standards discussed: how to ensure integrity in the monitor selection process, responsibilities of a monitor, how to estimate monitor compensation and fees accurately, and ways to resolve disputes.

Hanson-john-0215The push to create the standards started to take shape in 2012, when the ABA’s Criminal Justice Standards Committee created a task force to start the dialogue. “We tried to conceive every possible...

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