SEC Commissioner Aguilar's comments about corporate penalty guidelines, and governance
DaveTate (Lawyer) posted 4/7/2009 | Comments (2)
The following are excerpts from SEC Commissioner Luis A. Aguilar’s March 18, 2009 speech before the District of Columbia Bar, in which the Commissioner discussed the need to revise the corporate penalty guidelines. In the quotations below, the “* * * * *” indicates that quoted text was omitted. Additionally, I have underlined the headings, whereas the original headings in the speech were bolded. The entire speech can be viewed at http://www.sec.gov/news/speech/2009/spch031809laa.htm. Commissioner Aguilar would in part place emphasis on and give the corporation benefit or leeway for having appropriate internal controls, board oversight, corporate culture, and governance.
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