In September we reported that the Attorney General announced a revised Justice Department strategy to focus on the prosecution of corporate executives. Yesterday, the Justice Department announced new rules, effected by the U.S. Attorneys’ manual, to do just that. You can read more about it in the Wall Street Journal: Justice Department Gets Tougher on Corporate Crime
Because the government’s policies are an inducement for the corporate entity to fault its executives, an executive ought consult with independent counsel immediately on learning of an investigation. Reliance on corporate counsel to look out for the company’s executives’ interests, as was often the case in the past, could now turn out to be misplaced.