Court Expands Duty to Corporate Officers and General Counsel to Implement Compliance and Ethics Programs
In light of the recent Miller v. McDonald, et. al. decision, senior management must take steps to ensure that appropriate compliance program structures and activities are in place and operating or risk that corporate officers, and, in particular, the general counsel, can be held personally liable for corporate fraud and related wrongdoing.
This article, published in the October 2008 issue of Compliance and Ethics, appears here with permission from the Society of Corporate Compliance and Ethics.