In the aftermath of an array of economic failures, there is a growing movement to reform executive compensation. Concerned that executive compensation structures reward inappropriate risk taking and create a short-term perspective, the United States and the European Union are taking steps to...

For several decades now, publicly-held corporations have been adopting codes of conduct or corporate codes of ethics to further both federal law, as well as corporate goals and mandates. The implementation of such codes, however, is creating a legal conundrum for those firms seeking to operate...