‘Enforcement 40’ for 2020
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By Securities Docket on September 4, 2013, 12:03 pm
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
By Securities Docket on August 19, 2013, 7:50 am
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 […]
By Securities Docket on April 29, 2013, 7:41 am
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 […]
By Securities Docket on April 8, 2013, 7:20 am
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 […]
By Securities Docket on December 11, 2012, 7:42 am
SEC alleges funds fraudulently overstated the value of their securities as the housing market was on the brink of financial crisis in 2007.
By Securities Docket on July 15, 2011, 8:07 pm
Landmark Caremark case has greater implications in today’s aggressive FCPA enforcement environment.
By Securities Docket on June 13, 2011, 12:06 pm
Three reasons why directors ought to face civil liability more frequently.
By Securities Docket on September 28, 2010, 10:09 am
The Board has a role to play with respect to FCPA compliance.