kaal:claim:2273857-064

Corporate integrity agreements improve corporate governance because the ease of reopened prosecution, increased government scrutiny, and the potential for crippling penalties improve boards' and managements' knowledge of pertinent issues in the institution and its monitoring.

The ease of prosecution, the increased scrutiny by the government, and the potential for crippling penalties can improve boards' and managements' knowledge of pertinent issues in the institution and its monitoring. CIAs can, thus, improve corporate governance.

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), IV. Implementation, p. 30
https://ssrn.com/abstract=2273857 · source PDF

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

• institution operating under a corporate integrity agreement

mechanismsupport: arguedcompliancegovernance-designcorporate-governance

• restated_by kaal:claim:2317580-016 Once a CIA has been executed it is much easier for the government to reopen a case than to pursue a new one, a...
• extended_by kaal:claim:2317580-032 When a company operates under a CIA, the judicial distinction between the law and aspirational corporate gover...

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