Sessions Backs Individual Accountability in Corporate Cases

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By Andrew Ramonas

The Justice Department won’t shy away from holding executives accountable for corporate malfeasance, Attorney General Jeff Sessions said April 24, continuing the Obama DOJ’s emphasis on individual accountability.

Speaking in Washington, Sessions said he isn’t opposed to bringing cases against companies. The DOJ, however, should prosecute corporate officials if their actions are damaging their businesses, he said. Sessions also said the DOJ will continue to strongly enforce the Foreign Corrupt Practices Act and other anti-corruption laws.

“I just have always felt that having stockholders pay the price for corporate mismanagement isn’t always the best solution,” Sessions said in a question and answer session at the Ethics & Compliance Initiative’s annual conference.

In 2015, then-Deputy Attorney General Sally Yates told prosecutors that they should focus on holding executives responsible for corporate misconduct. Seeking individual accountability is “one of the most effective ways” to fight wrongdoing within companies, she wrote in a memo.

To contact the reporter on this story: Andrew Ramonas in Washington at aramonas@bna.com

To contact the editor responsible for this story: Phyllis Diamond at pdiamond@bna.com

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