Law and Business

RAND work in law, business, and regulation includes analyses of alternative dispute resolution, asbestos litigation, workers' compensation, insurance, and other civil justice matters. This research often has implications for the private sector, such as entrepreneurs facing legal and regulatory hurdles, or multinational corporations dealing with corporate ethics and governance issues.

Research conducted by: RAND Law, Business, and Regulation; RAND Institute for Civil Justice; RAND Labor and Population; Environment, Energy, and Economic Development Program; RAND Europe; Center for Terrorism Risk Management Policy;

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Directors as Guardians of Compliance and Ethics Within the Corporate Citadel

The collapse of financial markets in late 2008 has invited renewed questions about the governance, compliance, and ethics practices of firms. RAND convened a symposium to explore the perspective and role of corporate boards of directors in overseeing ethics and compliance matters within their firms.

Commentary (129)

Questions After the First U.S. Bank Takeover by a Chinese State-Controlled Company — May 15, 2012

In considering foreign application to acquire U.S. companies, the United States needs to consider both risks as well as benefits in both defense and economic dimensions, write Charles Wolf, Jr., Brian Chow, Gregory Jones, and Scott Harold.

A Final Word on the NDAA — May 6, 2012

While I have no doubt of Levin's determination to protect the constitutional rights of American citizens, incremental adjustments and seemingly small compromises, each sensible under the circumstances, can have a cumulative effect that erodes the very liberty we are trying to protect, writes Brian Michael Jenkins.

Obama Learned from Bush's Mistakes and Successes — May 2, 2012

On-the-job training is a necessary element of the American presidency, but so should be learning from the accomplishments, as well as the mistakes, of one's predecessor, writes James Dobbins.

The NDAA Makes It Harder to Fight Terrorism — Feb 1, 2012

Much of the debate over this bill has focused on the political issue of executive authority versus rule of law. In doing so it has overlooked the indirect and insidious effects the new law may have on the United States' largely successful counterterrorist campaign, writes Brian Michael Jenkins.

Passionate, Pragmatic, Prudent: A New RAND President and RAND at Its Best — Jan 13, 2012

Michael D. Rich, the new president and chief executive officer of the RAND Corporation, shares his thoughts about his new role and the future of RAND.

Narrowing the Economic Achievement Gap: The Role of Housing — Jan 11, 2012

The results from Montgomery County demonstrate that an integrative housing policy can be an effective form of school policy for disadvantaged children, writes Heather Schwartz.

Is Publicly Funded R&D Investment the Best Way Out of the European Financial Crisis? — Nov 29, 2011

Publicly funded R&D investment is a coherent policy to support long term economic growth. Our only note of caution is about how far and how fast that growth can be delivered because the evidence we have is out of date and skewed towards the experience of just one country, write Jonathan Grant and Jon Sussex.

Where Keynes Went Wrong — Oct 31, 2011

Failure to consider the potentially adverse effect of government spending on the preexisting level of aggregate demand was and remains a disabling flaw in Keynesian theory—then and now, writes Charles Wolf, Jr.

The Debate over Teacher Merit Pay: A Freakonomics Quorum — Sep 20, 2011

Motivation alone does not improve schools. Even if incentives inspire staff to improve practices or work together, educators may not have the capacity or resources to bring about improvement, writes Julie Marsh.

All Models Fail in Certain Situations — Aug 31, 2011

A key problem facing the technology-laden globalised US economy is the gap between skills that employers demand and the unemployed have, writes Krishna B. Kumar.

Clinical Decision Support and Malpractice Risk — Jul 6, 2011

From the standpoint of policy makers, the basic challenge is to ensure that liability concerns do not derail the clinical value of new CDS technology, write Michael Greenberg and M. Susan Ridgely.

Africa Needs Its Own Indicators of Scientific Innovation — Jul 6, 2011

Policies to stimulate African development require evidence that is difficult to obtain using existing indicators, writes Watu Wamae.

How Whistleblower Rule Enables Corporate Compliance — Jun 14, 2011

The kerfuffle over Dodd-Frank conceals broad agreement that corporate fraud and misconduct are bad and that internal compliance mechanisms are intended to protect companies as well the community at large from bad behavior, write Michael Greenberg and Donna Boehme.

How Might bin Laden's Demise Affect Business? — May 25, 2011

Given how markets are responding thus far, Osama Bin Laden's death is likely to have a modestly positive and buoyant effect on equity markets, writes Charles Wolf, Jr.

The Facts About American 'Decline' — Apr 13, 2011

It's fashionable among academics and pundits to proclaim that the U.S. is in decline and no longer No. 1 in the world. The declinists say they are realists. In fact, their alarm is unrealistic, writes Charles Wolf, Jr.

A Risk to Themselves — Oct 20, 2010

Drivers 65 and older are only 16 percent more likely per mile driven to cause a traffic accident than are drivers ages 25–64. And their total contribution to the nation's traffic accidents is surprisingly small, writes David S. Loughran.

Are Public-Service Subsidies Good for the Public? — Jul 14, 2010

In the federal legislation signed this spring to reform student lending, one feature has been largely overlooked by the press: The new law increases the incentive for college graduates to choose public-service careers, such as teaching, write Jennifer L. Steele, Richard J. Murnane, and John B. Willett.

A House Divided: Polarization and Partisanship — May 14, 2010

Certainly, ideology should play a role in public policy decisions. But when many policies—regardless of their merits—are simply off-limits for ideological reasons, then the nation as a whole has a problem, writes James A. Thomson.

Early Diagnoses of the New Law — Mar 30, 2010

 Can the health care system handle the demands of 30 million-plus new customers?

Scorecard for New Health Reform Legislation — Mar 26, 2010

 How close do you think that the health care reform plan would come, in reality, to achieving each goal?

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