This Skadden memo (pg. 6) outlines 10 steps for boards to take right off the bat when responding to allegations of executive misconduct. It also identifies these 4 common mistakes to avoid:
− Delaying the start of an investigation, or failing to investigate additional or related reports.
− Failing to consider external optics, including potential conflicts, with respect to oversight of review and outside advisers.
− Inconsistent communications, external or internal, and delayed disclosures.
− Ignoring root causes and related remediation.
Don’t forget our checklist for members on “Board Oversight of Sexual Harassment Policies.”
– Liz Dunshee