Prosecutors call it "three hots and a cot." Others call it "Club Fed." No matter what it’s called, today’s prosecutorial zeal often has one common goal: corporate officers leaving the executive suite for an eight by ten cell. The risks of running a business in today’s environment are far greater than the already formidable downside of potential business failure, and even unintentional missteps can result in a costly investigation, an enforcement proceeding, or a criminal indictment. Also, as the recent options backdating scandals have shown, the risks run all the way to the general counsel's office. This panel will draw on the experiences of white-collar and enforcement veterans to demonstrate how you can protect yourself and your corporate executives from costly mistakes when interacting with auditors, regulators, whistle-blowers, audit/special committees and prosecutors.