The Mega Fine Goes Giga: The Significance of Proactive Compliance Measures in the Age of Billion Dollar Penalties

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The fines/costs associated with compliance failure can be an effective way to communicate the significance of having a strong compliance and ethics program. As of 2007, Hoffman-LaRoche ($500 million in 1999) was the only company faced with exorbitant fines/costs associated one non-compliance. Clearly, as of today the list has grown ten-fold.

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Jamie Ghen on:

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