The Sec Turns The Screws On 'Gatekeepers'

In an action against Time Warner, the SEC shows than an executive can be liable if he’s in a position to detect wrongdoing below him and doesn’t try to prevent it.
By Carol J. Loomis

Watch this word: gatekeepers. In The World Of Corporate Governance, The term refers to auditors, inside and outside lawyers, outside directors—and now, so we’ve learned in one recent Securities and Exchange action, to a range of corporate executives.

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