Below is the second and final installment of CorpCounsel.com’s Q&A with former General Electric general counsel Ben Heineman, Jr. (See part one here.) In this edited conversation, Heineman discusses corporate regulation, anticorruption efforts, and the post-Citizens United role of U.S. companies in politics and elections.

CorpCounsel: We hear frequent complaints that businesses are subject to increasing regulations. What do you think about today’s regulatory framework? Are regulations bad for business?