# Board changes

`kaal:entity:board-changes`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `board-changes`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2014 to 2014.

**2014**

- [2486570-016](https://wulfkaal.github.io/claims/2486570-016) [empirical/evidenced] -- The less prevalent categories of governance change mandated by non and deferred prosecution agreements are increased monitoring at 46 percent of the sample, board changes at 38 percent, business changes at 30 percent, and senior management changes at 30 percent.
  > include increased monitoring re- quirements (46 percent of the sample), N/DPA mandated board changes (38 per- cent of the sample), business changes (30 percent of the sample), and changes in senior management (30 percent of the sample).
  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
- [2486570-023](https://wulfkaal.github.io/claims/2486570-023) [failure/argued] *(failure mode)* -- Because the board changes mandated by non and deferred prosecution agreements consist largely of additional reporting obligations and committee reform rather than removal of officers or directors, those reforms alone may not create sufficient incentives for boards and management to improve governance and avoid execution of an agreement.
  > These reforms alone may not create sufficient incentives for boards and management to improve governance and avoid N/DPA execution.
  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
- [kaal-2014-dynamicregulationviagove-024](https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-024) [empirical/evidenced] -- Over 97 percent of the non and deferred prosecution agreements executed in the United States between 1993 and 2013 contained governance changes, including required business changes in 30 percent and board and senior management changes in 38 percent.
  > Over 97% of the N/DPAs executed in the United States between 1993 and 2013 contained governance changes, including required business changes (30%), board and senior management changes (38%
  Kaal, Dynamic Regulation via Governmental Contracts (2014)

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/board-changes.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.