kaal:claim:2486570-034

Because non and deferred prosecution agreements typically run for a limited term, it remains unclear whether the governance reforms they impose survive in the long term.

Source quote, verbatim

Given that N/DPAs typically have a limited duration/term, it re- mains unclear if N/DPA-related governance reforms can be successful in the long- term, i.e., if they "stick."

From

Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014), VI.B. IMPLICATIONS FOR BOARDS, MANAGEMENT, AND LEGAL COUNSEL, p. 58
https://ssrn.com/abstract=2486570 · source PDF

Cite as

Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570

Holds when

applies because N/DPAs have a limited duration

Classification

failuresupport: arguedfailure: reform-does-not-stickfamily: enforcement-gapgovernance-designcorporate-governance

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