 Newhouse has attempted to generalize Thompson’ theory, but in doing so also narrows it. Newhouse argues that Thompson’s theory is best understood in terms of breach of organizational fiduciary duties (Newhouse 2014). An important underlying reason for this, says Newhouse, is that Thompson’s (and, for that matter, Lessig’s) account of institutional corruption presuppose that institutions have an “obligatory purpose” (Newhouse 2014: 555) Fiduciary duties are, of course, obligatory. Moreover, they are widespread in both the public and private sector; hence the theory would be generalized. On the other hand, there are many institutional actors who do not have fiduciary duties. Thus if Newhouse is correct in thinking that Thompson’s theory of institutional corruption provides a model for breach of organizational fiduciary duty and only for breach of organizational fiduciary duty, the ambition to generalize Thompson’s theory will remain substantially unrealized.