# kaal:claim:2317580-029

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- companies with self-reporting obligations under a CIA
- exposure under the False Claims Act, Sunshine, Stark, AKS, and HIPAA

**Source quote.**

> 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, page 15

**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

**Verify.** sha256 of source PDF `50973e1e820aef47a4e7ffdbdcb513d03f1845643fcf4fa5910e9528a0b7dac2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Malay%20-%202013%20-%20The%20Role%20of%20Corporate%20Integrity%20Agreements%20in%20the%20Expansion%20of%20Fiduciary%20Duties.pdf

**Topics.** economics, risk-and-incentives, disclosure, corporate-governance

**Keywords.** economic-incentives, stipulated-penalties, self-reporting, director-diligence

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.