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Prosecutors in the Boardroom: Using Criminal Law to Regulate Corporate Conduct

Prosecutors in the Boardroom: Using Criminal Law to Regulate Corporate Conduct

Hardcover

General Law

ISBN10: 0814787037
ISBN13: 9780814787038
Publisher: New York Univ Pr
Published: Apr 18 2011
Pages: 287
Weight: 1.11
Height: 0.91 Width: 6.34 Depth: 9.05
Language: English

Who should police corporate misconduct and how should it be policed? In recent years, the Department of Justice has resolved investigations of dozens of Fortune 500 companies via deferred prosecution agreements and non-prosecution agreements, where, instead of facing criminal charges, these companies become regulated by outside agencies. Increasingly, the threat of prosecution and such prosecution agreements is being used to regulate corporate behavior. This practice has been sharply criticized on numerous fronts: agreements are too lenient, there is too little oversight of these agreements, and, perhaps most important, the criminal prosecutors doing the regulating aren't subject to the same checks and balances that civil regulatory agencies are.

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General Law