Monitorships

An independent monitor is an individual or entity appointed by a regulatory authority or court to oversee and assess relevant compliance and controls. The primary role of a corporate monitor is to ensure that the company is adhering to legal and regulatory requirements.

Being under a monitorship is costly and requires a significant dedication from employees. Our experience both on the monitor-side and the company-side can help you reduce these burdens and also reap benefits. Corporate monitors can help companies demonstrate commitment to compliance, strengthen their internal culture and controls, and prevent future legal or regulatory issues.

REPRESENTATIVE MATTERS

Worked on monitor teams in three DOJ or SEC-imposed monitorships, providing external verification that compliance controls were well designed, implemented, and effective, using DOJ guidance and industry best practices. Devised framework for independent evaluation and testing of global compliance programs; conducted on-site reviews on implementation of detailed compliance processes; developed recommendations to enhance controls and fill gaps; and reported findings to the Government.

Represented a medical device company subject to a monitorship, resulting in dismissal of criminal prosecution. Interfaced with Monitor, DOJ, and SEC. Deeply involved in designing and implementing updated controls, training, data consolidation, and inter-connectivity of financial processes.

Experience implementing recommendations by government-imposed monitor, including internal controls, compliance monitoring, data centralization and utilization, and audit.