# kaal:claim:2486570-034

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

- applies because N/DPAs have a limited duration

**Source quote.**

> 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, page 58

**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

**Verify.** sha256 of source PDF `8c3981c9a55d8a3fe59a01660584eebc3feb3fb9109ca65344095bebe4ae49a4` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Lacine%20-%202014%20-%20The%20Effect%20of%20Deferred%20and%20Non-Prosecution%20Agreements%20on%20Corporate%20Governance%20Evidence%20from%201993-20.pdf

**Failure mode.** reform-does-not-stick  (family: enforcement-gap)

**Topics.** governance-design, corporate-governance

**Keywords.** governance-persistence, agreement-term, corporate-governance, reform-durability

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