The Actual and Potential Impacts of Allegations
Corporate boards may be due for a rude awakening; they’d be well-advised to assess the harm allegations of corruption and other unethical conduct can do to their company’s share price, including its market capitalization. Corporate directors and officers are under three general legal duties: the duty to act carefully, the duty to act loyally and the duty to act lawfully.
Corporate board members devote significant time to financial oversight and strategy while often neglecting steps needed to protect and promote…
