Monitorship
Quick Definition: Monitorship
A monitorship is a remedy often imposed in legal or regulatory contexts, whereby an independent third party (the “monitor”) oversees and audits compliance by an entity (such as a corporation) with court‑ordered or agreement‑based obligations, such as those in a DPA, consent decree, or settlement.
Key points:
- The monitor typically has authority to review documentation, assess internal controls, and report to the overseeing authority (e.g. prosecutors, court, regulators).
- Monitorships are intended to provide external accountability and help ensure sustained reform rather than one-time fixes.
- They can last for several years depending on the complexity of the obligations and the risk to public interest.