Haynes and Boone, LLP Partner Nick Bunch was interviewed in a Q&A by Corporate Crime Reporter on a new policy which would allow firms who commit crimes to get amnesty as long as they are acquired and then disclose wrongdoing within six months of the merger.
Read an excerpt from the Corporate Crime Reporter Q&A below:
“In a world where companies are on the front line in responding to geopolitical risks – we are mindful of the danger of unintended consequences,” Monaco said. “The last thing the Department wants to do is discourage companies with effective compliance programs from lawfully acquiring companies with ineffective compliance programs and a history of misconduct. Instead, we want to incentivize the acquiring company to timely disclose misconduct uncovered during the mergers and acquisitions process.”
“It’s just another step in a series of efforts by the Department over the last couple of years to really encourage corporate cooperation, to get companies to come forward and voluntarily self-disclose conduct,” Bunch told Corporate Crime Reporter in an interview last month. “That message started shortly after she took office. It continued with the several memos that she’s put out.”
To read the full Q&A from Corporate Crime Reporter, click here.