The types of remediation measures that companies can implement vary significantly

Remediation often takes place following an incident to identify deficiencies in internal controls and processes. Often voluntary, remediation may also occur when cooperating with regulators or law enforcement authorities, and may be mandatory in certain regulated industries, where authorities may have powers to require remedial actions to be taken.

The types of remediation measures that companies can implement vary significantly, but there are several general principles and objectives that a company should keep in mind to improve the effectiveness of remedial efforts, avoid additional exposure and (where applicable) to gain maximum credit from investigating authorities.

This chapter explores common remedial actions the companies may consider when creating remediation plans whether voluntarily or when cooperating with regulators or law enforcement authorities.