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Don’t Ask Us to Turn In Our Own Executives, Business Lobby Warns

  • Chamber of Commerce says ‘Yates memo’ discourages cooperation
  • Group claims DoJ policy could backfire by posing conflicts
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The Justice Department’s effort to hold individual executives accountable for corporate wrongdoing could backfire by posing conflicts that discourage cooperation from companies, the country’s biggest business lobby warned.

The U.S. Chamber of Commerce’s Institute for Legal Reform, in a report issued Thursday, evaluated policy changes issued by Deputy Attorney General Sally Quillian Yates last year. The changes, described in a treatise known as the Yates memo, require companies to develop evidence against their employees and turn over possible suspects in order to win leniency.