Stay current on changes and developments in corporate law with a wide variety of resources and tools.
By Yin Wilczek
June 2 — While corporate monitors can provide long-term benefits to companies, there also is a need for more transparency in what they do, according to a recent report.
“Monitoring the Monitors” was issued May 28 by the Ethics Research Center. It discussed the key issues addressed at a November 2014 conference during which the ERC explored the use of independent monitors to ensure companies abide by government non-prosecution and deferred prosecution agreements.
According to the report, conference attendees said the benefits of monitoring can be significantly improved if monitors were more transparent about their experiences. The attendees also wanted to hear about what works and what doesn't, and some suggested that monitors issue case studies and best practices.
Other attendees suggested that there should be more standardization of the monitoring process and a certification program to help identify qualified monitors.
The conference also addressed what makes a good monitor. The report found “wide agreement” that monitors should have an independent and questioning mind, and have good listening skills.
The conference attendees included government officials, corporate representatives and compliance officers.
To contact the reporter on this story: Yin Wilczek in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Ryan Tuck at email@example.com
A summary of the report is available at http://www.ethics.org/resource/monitors-summit.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)