The Justice Department’s Criminal Division leader had a warning for companies negotiating resolutions with federal prosecutors: If your compliance chiefs don’t speak up, it might reflect poorly.
Companies under investigation that bring in their lawyers to advocate for a particular settlement should let the chief compliance officer take “a prominent role in those presentations” and lead the “portion related to the compliance program,” said Criminal Division Assistant Attorney General Kenneth Polite Tuesday. “And that’s not just for show, but I want to know that that is a leader that is empowered by that organization.”
Polite, who was previously a federal ...
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