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Through stricter accounting standards and tougher disclosure requirements, corporate America must be made more accountable to employees and shareholders and held to the highest standards of conduct.
The latter is considered for several reasons including regulatory requirements, corporate responsibility and corporate image.
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Congress should consider ways to lessen the impact of the Citizens United decision through legislation to enhance disclosure requirements, require corporate donors to appear in the political ads they finance and prohibit government contractors or bailout beneficiaries from spending money on political campaigns.
More important, it aligns a way of thinking with the needs and requirements of corporate purchasers of legal services.
(Extended-stay hotels tend to have shorter length-of-stay requirements than corporate apartments, which are usually in residential buildings).
In Citizens United, the big campaign finance case, eight justices endorsed disclosure requirements for corporate election spending.
They also describe it as simply another way of reshaping lives to "fit the requirements of corporate capitalism".
Koehler said FCPA actions had increased with the increasing globalisation of business and stricter requirements for corporate disclosure brought in under the 2002 Sarbanes-Oxley act.
Citing the evolving requirements of corporate leadership, the TD Bank Financial Group named John M. Thompson as its chairman, separating the jobs of chairman and chief executive.
In such cases, the companies enjoy the municipalities' blanket exemption from having to register the securities with the S.E.C. and complying with the standard reporting requirements for corporate securities.
"With the advanced age and ill health of our membership and the declining numbers of members, it was obvious that we could not continue the requirements that corporate 501C lays on our membership and on our board," Mr. Muehleib said, referring to the group's tax-exempt, nonprofit status.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com