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Join the Securities Litigation and Enforcement Group on LinkedInZurich Investigating Whether ‘Undue Pressure’ on CFO Led to Suicide – Compliance Week
Following the suicide of its CFO, Zurich Insurance’s board of directors has opened an investigation into “whether there was undue pressure placed on our CFO.” The CFO’s suicide note blamed the company’s former chairman for creating an unbearable, pressure-packed working environment. via Zurich Investigating Whether ‘Undue Pressure’ on CFO Led to Suicide – Compliance Week
Top boardrooms: No-go areas for women, minorities — NBC News
In its new biennial study of the gender and ethnic makeup of Fortune 100 and Fortune 500 company boards, the Alliance for Board Diversity found that white men hold more than two-thirds of board seats in both groups. Women hold 20 percent of Fortune 100 board seats, and minorities, who comprise 37 percent of the […]
Delaware judge tells directors: You can run, but liability follows — Reuters
For the second time this year, a judge has warned independent directors of a Delaware corporation with Chinese operations that their personal wealth can be at risk in shareholder lawsuits even after they resign their directorships…. On Thursday, Vice Chancellor Sam Glasscock of Delaware Chancery Court refused to dismiss a lawsuit that seeks to hold […]
Little Accountability for Directors, Despite Poor Performance – DealBook
Aficionados of good corporate governance shouldn’t get too excited about the fact that two Hewlett-Packard directors are leaving the board and a third, Raymond J. Lane, is stepping down as chairman. The reason is that directors are still rarely if ever held responsible for their poor conduct. The latest evidence comes from a study of bank directors […]
SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset Valuation
SEC alleges funds fraudulently overstated the value of their securities as the housing market was on the brink of financial crisis in 2007.
Caremark, FCPA and Corporate Governance
Landmark Caremark case has greater implications in today’s aggressive FCPA enforcement environment.
Should Directors Be Held Liable More Often?
Three reasons why directors ought to face civil liability more frequently.
Ten Questions Every Director Should Ask About FCPA Compliance
The Board has a role to play with respect to FCPA compliance.