kaal:claim:2629451-008

Because N/DPAs are contractual arrangements between corporations and the Department of Justice that remedy identified governance shortcomings, it is the DOJ, rather than Congress or the courts, that is changing U.S. corporate governance practice.

Source quote, verbatim

As contractual arrangements between a corporation and the Department of Justice (DOJ), intended to remedy identified governance shortcomings, the DOJ – not Congress or the Courts - is changing governance practices in the United States (Garrett 2014, Kaal and Lacine 2014).

From

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), I. Introduction, p. 3
https://ssrn.com/abstract=2629451 · source PDF

Cite as

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451

Holds when

United States, 1993 to 2015
governance historically a matter of state law

Classification

mechanismsupport: arguedcompliancegovernance-designcorporate-governance

Verify

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Attestation record: colloquium/attestations/5284e6ac4ef378c9...json
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