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The "presumption of responsibility" that would have required bankers to prove they had taken reasonable steps to prevent wrongdoing?
The report, which Shell has posted on the Internet, identifies initiatives that it is taking to prevent wrongdoing by employees.
"To the extent I thought about it, I thought with a big group of 45 boys that would prevent wrongdoing, or it was a useful precaution," Pell said.
In Hannah Arendt's words: "As citizens, we must prevent wrongdoing because the world in which we all live, wrong-doer, wrong-sufferer and spectator, is at stake".
It allows a company to claim that it had adequate procedures in place to prevent wrongdoing, and that it was simply the victim of action by a rogue employee.
George Osborne said in Washington the deal demonstrated the progress that was being made in the battle to prevent wrongdoing and said the UK intended to press for further action by the G20 group of developed and developing countries.
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Wells Fargo said it had strengthened its monitoring programs and stepped up manager training aimed at ferreting out and preventing wrongdoing.
"In the days ahead, the Department of Justice will continue our focus on preventing wrongdoing and prosecuting those whose criminal activity drives up medical costs and jeopardizes a system that our citizens trust with their lives," Lynch said.
"Unfortunately no system of financial accountability for any school can guarantee it will prevent all wrongdoing.
The Japanese government is under fire for not doing more to prevent corporate wrongdoing.
The settlement also required HSBC to appoint a compliance monitor and institute reforms to prevent future wrongdoing.
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CEO of Professional Science Editing for Scientists @ prosciediting.com