King & Spalding convened the seventh meeting of the Lead Director Network (LDN) in New York City on July 14, 2010. Members discussed board leadership during special investigations.
As you know, at any publicly held company, incidents and issues may emerge that require investigation. While many may be trivial or unsubstantial, others can be real, financially material, and potentially damaging to the business and reputation of the company. Members shared specific examples and key lessons learned from their own experiences with matters that required thorough investigation and board involvement.
Issues discussed include:
- Trigger events
- Organizing the investigation
- The lead director's responsibilities in a major investigation
- Preventing a problem
See Summary, in pdf format.
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