Coming of Age: The New Face of Integrity Compliance

Volume 90, No. 4, Summer 2018

By Leonard McCarthy [PDF]

The curious legacy of Caremark is how one opinion can shape an industry through answering a negative. I was struck by the interplay between concepts such as the duty to monitor and the duties of care, good faith, and loyalty. While the resultant measures and obligations can be a bit of an egg dance, the awareness they created spurred corporate compliance into an irreversible practice. But let’s step back.

Leonard McCarthy is the former Integrity Vice President of the World Bank.

Tags: 2017 TLR symposium, spotlight

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