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The Federal Sentencing Commission Guidelines of a corporate compliance program target organizations whose employees violate civil and criminal law. Those organizations that are found in violation of Federal Sentencing Commission guidelines face fines and penalties as well as “corporate probation” (which involves intrusive federal monitoring), and criminal liability of employees, officers and directors.
The Federal Sentencing Guidelines for Organizations was enacted in 1991 and is applicable to all organizations. The guidelines set the standards for an effective Compliance Program. The existence of an effective compliance program may be considered a mitigating factor in reducing a corporate penalty for federal offenses. “Corporate counsel are realizing that the potential for reduced fines lies in having an effective compliance program in place before a program develops (Bucklin 2003).”
Evaluating Federal Sentencing Guidelines:
Corporate offices are realizing that the program develops a corporate character that can drive corporate performance upward. The Federal Sentencing Guidelines have been of benefit in producing a new perspective on ethics. “Since the implementation in 1991 of Federal Sentencing Guidelines for organizations, there has been much discussion concerning the impact of a voluntary corporate compliance program on sentencing, especially in the setting of fine amounts (Myers 2001).
Approximate Word count = 938
Approximate Pages = 3.8
(250 words per page double spaced)
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