Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

a. Holder memo

b. Johnson memo

c. Obama memo

d. Trump memo

e. Thompson memo

Question

Business

Sharon Parrish

9 December, 08:18

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

a. Holder memo

b. Johnson memo

c. Obama memo

d. Trump memo

e. Thompson memo

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Answers (1)

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Hubby · Answer 1

E. Thompson memo

Explanation:

The name 'Thompson Memo' was used to honor the Deputy attorney General that first issued the memo in 2003. His name is Larry Thompson.

The memo was created to distinguished the line between the 'honest mistake' that the company might do and an actual wrongdoings that must be punished by law.

The memo consist of several criteria that future prosecutors can use to determine whether a company should be punished or not. Those criterias are:

- The nature/seriousness of the offense

- Whether they did a similar 'mistake in the past

- Whether the company admit the mistake by their own or whether it's exposed by other people

- Whether the company proposed a remedial action.