In the wake of serious misconduct, companies increasingly self-appoint “Voluntary Monitors” to avoid one imposed and selected by the government, reduce sanctions, escape prosecution, repair brand value and restore trust.
As Jonny Frank and Kaitlyn Cecala explain in the NYU School of Law’s Compliance & Enforcement blog, the COVID-19 era likely will see a continued rise in these “Voluntary Monitors,” “Preemptive Monitors” and “Remediation Consultants” as companies face heightened misconduct risks, search for new revenue sources, and satisfy increased government expectations of remediation and ethics & compliance (E&C) programs.
