The Department of Justice’s “Evaluation of Corporate Compliance Programs” underscores the risks and rewards of comprehensive remediation and enhanced compliance programs in the wake of serious corporate misconduct. Prosecutors and regulators across the globe deliver the same message: Companies that demonstrate comprehensive efforts to remediate misconduct earn substantially reduced penalties and stand a good chance of avoiding criminal charges and a government-imposed monitor. Conversely, companies that cannot prove an effective remediation approach face indictment, higher fines, collateral penalties (e.g., suspension, debarment), and a monitor.
About Jonny Frank
Jonny Frank is a partner based in the New York office of global advisory firm StoneTurn, where he focuses on remediation and compliance monitoring.
