Asked by Abena Opoku on Jun 15, 2024
Verified
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) Thompson memo
D) Trump memo
E) Obama memo
Corporate Wrongdoing
Actions taken by companies or their representatives that are unethical, illegal, or otherwise harmful to others.
Ethics
Moral principles that govern a person's behavior or the conducting of an activity.
Compliance Programs
Structured plans implemented by organizations to ensure adherence to legal, ethical, and regulatory standards and requirements.
- Comprehend primary laws influencing corporate activities and the need for regulatory adherence.
- Understand the importance of ethical compliance programs in identifying and preventing corporate wrongdoing.
Verified Answer
DS
Diane SandersJun 17, 2024
Final Answer :
C
Explanation :
The Thompson memo, issued in 2003, provided advanced general principles for federal prosecutors to consider in cases involving corporate wrongdoing. It emphasized the importance of ethics and compliance programs in detecting and preventing misconduct, as well as the need for individual accountability and cooperation from corporations under investigation.
Learning Objectives
- Comprehend primary laws influencing corporate activities and the need for regulatory adherence.
- Understand the importance of ethical compliance programs in identifying and preventing corporate wrongdoing.