There’s a new deputy sheriff in town and her name is Sally Quillian Yates, deputy attorney general of the United States - PowerPoint PPT Presentation

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There’s a new deputy sheriff in town and her name is Sally Quillian Yates, deputy attorney general of the United States

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Title: There’s a new deputy sheriff in town and her name is Sally Quillian Yates, deputy attorney general of the United States


1
Business Ethics info_at_casestudyhelp.in91
94220-28822
2
  • Business Ethics
  •  
  • CASE STUDY (20 Marks)
  • Theres a new deputy sheriff in town and
    her name is Sally Quillian Yates, deputy attorney
    general of the United States. In September, she
    announced significant Department of Justice
    policy shifts in the prosecution of corporate
    wrongdoing. Monday her memo was clarified, making
    it even clearer that the DOJ wants companies to
    cooperate and do so in a timely way. The changes,
    six of them listed below, are a sea change in
    leadership direction at the DOJ. The thrust of
    the changes moves from seeking the most amount of
    money from corporate coffers to insuring that
    individuals are held accountable for crimes they
    commit on the corporate watch.

3
  • Is this a big deal? You bet. These new
    guidelines will likely change how executives and
    boards and ethics and compliance functions divvy
    up internal investigations to protect interests
    that have been separated with these changes. No
    longer are the employee accused and the company
    where that employee works going to find mutual
    benefit in a shared defense. Remember Prisoners
    Dilemma, the economic game theory you learned in
    college that introduced the concept of win-win in
    negotiating. The game proves that people do not
    always act rationally and sometimes can achieve a
    better outcome by cooperating than pursuing just
    their self-interest. It uses captured criminals
    in separate interrogation rooms to demonstrate
    these effects. Each would get the best outcome
    for himself if he turned in his fellow criminal
    but if they both act in their own self-interest,
    their punishment is even greater.

4
  • In other words, it was a win-win for them
    to collaborate and seek a solution that worked
    for both of them even though an initial analysis
    might have led them to believe that not
    collaborating, or cooperating, with one another
    would serve their personal interests more. In a
    beautiful, ironic twist, Yates is deploying the
    prisoners dilemma to turn up the heat on
    white-collar criminals. Yes, the notion of two
    people choosing not to be truthful is a
    paradoxical choice to use in discussing how these
    policy shifts will change the dynamics in
    corporate corruption investigations. Yates has
    introduced six key changes, outlined here, that
    effectively drive a wedge between employee and
    employer when it comes to doing wrong in the name
    of a corporation. Now, internal corporate
    compliance officers must share internal
    information implicating employees who acted
    badlyor their supervisorsor risk steeper fines
    or other penalties.

5
  • Answer the following question.
  •  
  • Q1. Give an overview of the case.
  •  
  • Q2. How it is possible to separate ethics from
    compliance in corporate life.Debate.
  •  

6
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