kaal:claim:2317580-017

A CIA raises the stakes for directors who would otherwise neglect their governance responsibilities, because the agreement puts the company effectively on parole and gives the government direct access that facilitates detection of compliance failures.

Source quote, verbatim

A CIA increases the stakes for directors choosing to eschew their governance responsibilities. A company operating under a CIA is essentially on parole.55 CIAs give the government direct access to a health care corporation, facilitating the detection of compliance issues.

From

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), III.2 Characteristics, p. 11
https://ssrn.com/abstract=2317580 · source PDF

Cite as

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013). SSRN: https://ssrn.com/abstract=2317580

Holds when

companies operating under an executed CIA
OIG inspection and site visit rights

Classification

mechanismsupport: arguedgovernance-design

Verify

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Attestation record: colloquium/attestations/2dc34c4e950432e9...json
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