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Compliance programs, proposed revision to federal sentencing guidelines

The following is a link to a brief discussion about the proposed changes to the federal sentencing guidelines, and why it would benefit corporations to have sufficient compliance programs.  I am not associated with the people who wrote the materials, but I assume them to be correct.

www.bakerbotts.com/file_upload/2010FebLitConsiderableIncentiveforCorporations.htm

Regards,
Dave Tate, Esq.
davidtate.us
 

Reference URL: http://www.bakerbotts.com/file_upload/2010FebLitConsiderableIncentiveforCorporations.htm

Answers

J. Ed Neufer CPA
Title: Consultant
Company: CONSULTING
(Consultant, CONSULTING) |

This is interesting. Seems the current guidelines of prohibiting the penalty reduction if an individual "participated in, condoned, or was willfully ignorant of the offense" is a good thing. No one person should get a free or reduced pass for breaking the law, especially willfully, and a company with knowledge that does nothing about it seems to be guilty as well.

An improvement seems to be allowing compliance direct access and reporting to the Board, especially if it keeps rogue individuals, or groups of individuals, from conducting illegal activities while certain management look the other way.

Think most people try to resolve matters through other means, like negotiation, contact with law enforcement, attorneys, etc. But then sometimes it seems things continue with no satisfactory results. So what are victims to do but try to reach out to anyone who will listen to resolve major problems?

Ed

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