Skadden Discusses Crisis in the C-Suite: A 10-Step Plan

It’s an all-too-common occurrence. A senior executive is accused of wrongdoing ― sexual misconduct, bullying, financial fraud, a conflict of interest or other conduct posing a compliance or integrity concern. Suddenly, directors find themselves thrust into the center of a crisis, forced to make critical decisions on a short timeline, often in the glare of a public spotlight.

It’s a time for clearheaded thinking and a game plan. Here’s a 10-point guide for directors for the first few, critical days.

1. Make a quick, preliminary assessment of the seriousness of the allegations and establish a proper investigation structure: The first … Read more