| Publisher | The Bureau of National Affairs | ||
|---|---|---|---|
| Format | 224.9KB PDF, requires Acrobat Rdr 5 | Date added | 01 Aug 2004 |
| Topics | Finance, Sarbanes-Oxley, Law and Government | ||
| Downloads | 46 | ||
By enacting Organizational Sentencing Guidelines in 1991 (the Guidelines), the United States Sentencing Commission codified the compliance program as the primary method by which corporations could mitigate potential criminal punishment after an indictment. Pronouncements and settlements by the Justice Department, Department of Health and Human Services (HHS) and the Securities and Exchange Commission (SEC) also underscored the central role of the compliance program in securing lenity from regulators after misconduct and wrongdoing. Recent changes in the law of corporate governance also demonstrate the importance of a compliance program to directors' potential liability in civil suits.
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