First they must maintain an effective compliance program, within their corporate entity and workforce. This meaning they must have safeguards within their organization to monitor for any criminal activities of any employee. Secondly they must cooperate with the government, in turn meaning they must turnover any and all evidence they find through internal investigations, self-reporting to the company (even hotlines for confidential disclosure or legal counsel). That for any and all corporations to maintain good legal standings with the government they must adherer to all federal guidelines and maintain Thompson memorandum. (Hasnas, J. …show more content…
And if so should they be prosecuted for breaching corporate bi-laws that they go against to report fraudulent acts. Also addressing the issue of if a corporation should be held accountable for their employee and defined as to the accountability of the individual in correlation to the corporate policies and regulations. Thus defining the point it remains a corporate violation. A full review of the Thompson Memorandum explains the confusion and ethical conflictions of the terms of this in the reduction of corporate convictions, through cooperation in the federal investigation, as a prosecutorial tool to reduce the after effects of many white collar crime cases. Many which are produced as fines instead of jail time for the corporations. This review and panel gave great insight into the everyday evolving system of the Corporate Law and regulations in place. The impact that reducing corporate crime results in millions saved, not only in court costs but save stockholders and corporations lose when they have major fines to pay for an infraction of one employee. Through prevention and compliance the acts of crime can be reduced over all is the hopes of the speakers. This gives as full addressment to the ethical issues of whistleblowing and offers even a simple checks and balance process for reporting of