X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Did you know five of the 10 largest federal criminal fines levied against corporations—ever—were meted out in 2012? They ranged from Barclays Bank’s $450 million settlement over the LIBOR manipulation scandal to GlaxoSmithKline’s $3 billion settlement in connection with off-label marketing and other charges. All of which goes to show that skimping on compliance can be “pennywise, but pound foolish,” says Gibson, Dunn & Crutcher’s Michael Li-Ming Wong, himself a former federal prosecutor. CorpCounsel.com listened in on the firm’s recent ninth-annual webcast, entitled “Challenges in Compliance and Corporate Governance.” Here’s what we learned—and what you can start putting to work in the new year:

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.