TheCorporateCounsel.net

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