August 06, 2019

In their chapter titled “Changing Corporate Cultures,” Jenner & Block Partner Neil M. Barofsky—former Assistant US Attorney and Special Inspector General for the Troubled Asset Relief Program, who has served as an independent monitor—and co-authors Partner Matthew D. Cipolla and Partner Erin R. Schrantz explain how a monitor can approach and remedy a broken corporate culture.  “A monitor occupies a unique middle-ground space—not an insider, but also not the government—that allows it to press on different levers and apply external pressure to an organization that might not otherwise undergo necessary cultural change,” the authors write.