Michael Peregrine wrote this bylined article analyzing new Department of Justice corporate compliance guidelines and DOJ’s appointment of a compliance counsel to advise prosecutors on bringing charges. Both steps “are consistent with the DOJ’s renewed commitment to criminal and civil fraud enforcement, and its intent to be more transparent about how prosecution and related decisions are made,” Mr. Peregrine wrote, adding that “these are all matters with which the audit committee (or some other board committee charged with compliance oversight) should be concerned.”