kaal:claim:2317580-029

CIA provisions create economic incentives that affect directors' diligence, because stipulated daily noncompliance penalties stacked on top of monetary penalties under federal health laws expose companies that executed CIAs to significant financial ramifications.

Source quote, verbatim

Adding the stipulated penalties in CIAs to the monetary penalties under federal health laws, companies that executed CIAs face significant financial ramifications.

From

Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), IV.1 Contractual Addendum to Increase Duties, p. 15
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 with self-reporting obligations under a CIA
exposure under the False Claims Act, Sunshine, Stark, AKS, and HIPAA

Classification

mechanismsupport: arguedeconomicsrisk-and-incentivesdisclosurecorporate-governance

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