Transparency After a Compliance Failure: FAQs Finally Answered

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This year has brought with it the full, public disclosure of several management-commissioned independent investigations. Example investigations include the Jonathan Martin/Miami Dolphins (Issue of Workplace Conduct 2/14/14) and General Motors Ignition Switch recall, May 29, 2014. Various reasons exist for this level of increased transparency. Some believe it is simply a good governance practice, while others focus on transparency as part of a board’s fiduciary duty when the issue involves the CEO. In addition, communities, clients, customers, and other constituents have come to expect increased transparency from the organizations in their midst.

Reprinted with permission from InsideCounsel.

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