Prosecutors, regulators, investors, and the media are increasingly holding directors and officers accountable, while special interest groups, plaintiffs’ lawyers, and activist hedge funds are constantly looking for their next targets.
This new reality requires directors to be aggressive in overseeing legal, ethical, and reputational risks that, in many cases, prior generations of boards did not even have to face. Those risks include cyber-security, data breaches, data privacy, ESG issues, and false rumors that can spread almost instantaneously and destroy a company’s reputation. And thanks to social media, directors and their companies are subject to more scrutiny than ever before.
Much … Read more