Achieving Spiritual Compliance Through a Monitorship

A settlement agreement between a company and a government agency that includes a requirement that a company hire a compliance monitor generally has the ultimate objective of ensuring the company’s compliance program can prevent, detect and respond to misconduct within the company in a timely and effective manner, but for companies with the right attitude, a monitorship can do even more. In a guest article, John Hanson, a managing director in BDO’s forensic investigation and litigation services practice and experienced compliance monitor, explains how a company that approaches a monitorship as an opportunity to improve itself and make positive change will look beyond the four corners of the court order or agreement and will embrace the spirit of ethical improvement, achieving what he calls “spiritual compliance.” See “Inside the Mind of Monitor John Hanson: Monitorship Insights and a Sneak Peek at the ABA’s Corporate Monitor Standards (Part One of Two)” (Feb. 4, 2015) and Part Two (Feb. 18, 2015).

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