Corporation not liable for misdeeds of employees

“Three Former Credit Suisse Bankers Arrested for Involvement in Mozambique Debt Deals,” The Wall Street Journal, January 4, 2019.  “The indictment alleges that the former employees worked to defeat the bank’s internal controls, acted out of a motive of personal profit and sought to hide these activities from the bank.”

Normally, an employer is liable for the acts of its employees.  But not here.  Governance (have the right controls, and enforce them) and Compliance (here’s a lesson in how to avoid FCPA liability).

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Filed under Theme Three: Compliance, Theme Two: Governance

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