Reporting to C-level business executives can be tough – but perhaps not as challenging as reporting to federal prosecutors as Law.com reports:
"The price for settling criminal allegations by the government keeps getting higher. In August, Prudential Financial Inc. signed a deal with the U.S. Department of Justice that allows it to avoid prosecution for wrongdoing at a brokerage subsidiary. But prosecutors didn’t ask for a corporate monitor, as they typically do in deals of this nature.
Instead, the settlement with Newark, N.J.-based Prudential requires GC Susan Blount to personally design, install, and oversee a complex compliance program. Moreover, Blount must report on the program to federal prosecutors twice a year for the next five years."
Link: Prudential Agreement With DOJ Signals New Risk for GCs.
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