31 Days to a More Effective Compliance Program -Legal requirements of the Board of Directors regarding compliance

Thomas Fox
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Welcome to this month's offer of 31 Days to a More Effective Compliance Program. This month I will focus on the Board of Directors and its role in an effective compliance program. At the end of August, you will not only have a good summary of the basics of a best practices compliance program for a Board of Directors but information that you can incorporate into your compliance regime.

Three key See more +

Welcome to this month's offer of 31 Days to a More Effective Compliance Program. This month I will focus on the Board of Directors and its role in an effective compliance program. At the end of August, you will not only have a good summary of the basics of a best practices compliance program for a Board of Directors but information that you can incorporate into your compliance regime.

Three key takeaways:

1. The Delaware courts have led the way with the In Re Caremark and Stone v. Ritter decisions.

2. Note the obligations of the Board under the Ten Hallmarks of an Effective Compliance Program.

3. The U.S. Sentencing Guidelines also require Board involvement and oversight. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Thomas Fox
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