Aside from monetary penalties, another way to discourage corporate misconduct is the threat of criminal sanctions for corporate executives.
"The terms proposed include findings that UBS failed to have adequate controls in relation to its foreign exchange business that were adequate to prevent misconduct, and would involve material monetary penalties," UBS said on Monday.
In a second, 26-page filing, the prosecutors disputed Lauro's interpretation of the monetary "loss" to the N.B.A. caused by Donaghy's misconduct.
And sometimes we find ourselves cringing at our misconduct, especially when it comes to our monetary habits.
A simple apology is inadequate, and a fine would trivialize his misconduct by treating it as a mere question of monetary restitution.
In a ruling intended to protect conscientious employers, the California Supreme Court decided that businesses with strong anti-harassment policies may be spared monetary damages when a victim unreasonably fails to promptly report the misconduct.
Holding only the organization responsible for misconduct is unsatisfying because the result is the payment of a monetary penalty – which comes out of the pockets of shareholders – that can be viewed simply as a cost of doing business.
Adding a monetary incentive might very well be the tipping point that leads to potential misconduct.
His place at the center of allegations of sexual misconduct over the past year has made Mr. Strauss-Kahn, the former International Monetary Fund chief and a one-time Socialist standard bearer, a kind of moral bludgeon to be used by Mr. Sarkozy's supporters against the Socialists.
The French, after the rape and prostitution allegations made against Dominique Strauss-Kahn, the former director of the International Monetary Fund, began to take a somewhat less indulgent "boys will be boys" attitude toward sexual misconduct.
"Our position is simply that everyone involved in this undeniable misconduct should be held responsible," said Christopher J. Clark, a lawyer for University Sports, which is asking for punitive monetary damages to be assessed against Boies Schiller.
