A new survey shows that some 91 percent of responding in-house counsel and chief compliance officers predict greater scrutiny from federal investigators in the coming year, and are making company changes to prepare.
And 81 percent are concerned about being held personally liable for corporate misconduct, in an era where both the Department of Justice and the U.S. Securities and Exchange Commission have declared they will go after individuals as well as companies. In two unrelated financial fraud cases, the SEC on Tuesday announced financial penalties against five company executives who “knew or should have known” about violations, as we reported here.
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