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Corporate Monitorships and New Governance Regulation

In Theory, in Practice, and in Context

Bibliographic Data

ID6089943
AuthorsCristie Ford (0000-0002-5190-0557, University of British Columbia, corresponding author), David He (0000-0001-6200-7484, Ross School), David Hess (0000-0003-2821-1021)
Year2011
Volume33
Issue4
Pages509-541
Publication date2011-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueLaw & Policy (JOURNAL)
Journal identifiersISSN: 0265-8240 • E-ISSN: 1467-9930
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1467-9930.2011.00347.x
OpenAlexW2154778814
LanguageEN
Citations received3
References cited20

Over the last few years, it has become increasingly common for government agencies to resolve corporate criminal law and securities regulations violations through the use of settlement agreements that require corporations to improve their compliance programs and hire independent monitors to oversee the changes. Based on our interviews with corporate monitors, regulators, and others, we find that these monitorships are failing to meet their full potential in reforming corrupt corporate cultures. After reviewing potential reforms to improve monitorships from a new governance perspective, we discuss the limits of these reforms that are due to the sociological and institutional environment in which monitorships are embedded

Business · Compliance (psychology · Context (archaeology · Corporate crime · Corporate governance · Economics · Government (linguistics · Law and economics · Perspective (graphical · Political science · Settlement (finance · Ethics in Business and Education · Law · Regulation and Compliance Studies · Wildlife Conservation and Criminology Analyses · Accounting · Finance

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Unique citing works3
Citations per year0,3
Citation span2016 - 2025 (10)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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