LAW 534 Lecture Notes - Lecture 9: Sherron Watkins, Strict Liability, Special Investigations Unit

• School: Ryerson University
• Department: Law and Business
• Course: LAW 534
• Professor: Gil Lan

Document Summary

Systems for individual due diligence separate from corporate due diligence: first scenario the corporation succeeds in showing that it exercised due diligence. In such a situation it is likely (although not guaranteed) that the individual will also be found to have acted with due diligence: the second scenario is much more difficult for the individual. In this scenario the corporation is unable to show due diligence. Logically the only way out of this conundrum is for the individual to show due diligence as an individual. The individual can show that he or she made reasonable attempts within his or her sector of influence and control to implement due diligence measure an individuals conviction out not to be necessarily follow the corporate conviction. Compliance officers: note professor glasbeek"s observations regarding increased range of managerial obligations with duties multiplied dramatically society in danger of throwing out the baby with the bathwater. 10:30 systems for individual due diligence system for individual due diligence.