What to Do and How to Do It: Fiduciary Responsibilities of the Board...

June 5, 2014
Shearman & Sterling and Directors & Boards sponsored a free webinar, titled "What to Do and How to Do It: Fiduciary Responsibilities of the Board in Managing Investigations and Potential Crises." Never before have corporate board members faced the challenges and potential crises that they do today. Prosecutions and enforcement proceedings relating to alleged business improprieties are at an all-time high. Corporate settlements regularly break records. What were once mundane commercial disputes have transformed into "scorched earth" battles in which adversaries root through millions of emails and electronic documents. One ill-advised act or omission can turn into a full-blown legal and reputational crisis as fast as a 140-character tweet can go live and viral. In a regulatory environment that has become increasingly far-reaching, how can a board member know that he or she is taking the right steps to protect the company, its officers and employees as well as—ultimately—personal reputations and careers? What activities and procedures are likely to come under the microscope of newly proscribed behavior? How will internal investigations be influenced by global enforcement efforts and the zeal of regulators in areas that until recently have received little attention? Are there clear signals that can guide boardroom actions as directors navigate the increasingly perilous landscape of investigations and enforcement? And how should board members clearly delineate Board and Management responsibilities in times of crisis, while minimizing reputational damage and quelling the concerns of external auditors and activist shareholders? Leading investigations and corporate governance lawyers from Shearman & Sterling and a corporate director led a robust discussion that covered the full spectrum—examining pre-investigation, investigation and post-investigation challenges—and provided specific recommendations that directors can take today to protect their companies and themselves. Speakers included:  Claudius Sokenu, Partner, Shearman & Sterling  Paula Anderson, Partner, Shearman & Sterling  John Cannon, Partner, Shearman & Sterling  Edward J. Smith, President, Barnegat Bay Capital, Inc.  Jim Kristie, Editor and Associate Publisher, Directors & Boards
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What to Do and How to Do It: Fiduciary Responsibilities of the Board...
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What to Do and How to Do It: Fiduciary Responsibilities of the Board in Managing Investigations and Potenti...

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