Responding to allegations of corporate wrongdoing: What directors need to ask

How a board responds to alleged corporate wrongdoing can determine your company's ability to recover from it. Learn what constitutes corporate wrongdoing, how to conduct an investigation and what to do with your findings.

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When companies face allegations of corporate wrongdoing, these are often handled by management. But sometimes a member of senior management is implicated. Other times, the nature of the misconduct can have a material impact on the organization. That’s when it is the board’s responsibility to make sure the allegations are properly addressed.

What can a board do?

20 Questions Directors Should Ask about Responding to Allegations of Corporate Wrongdoing discusses recommended practices for directors deciding how to deal with this type of situation.

Topics discussed include:

  • Is your board ready to handle an allegation? Do you know to whom you will reach out for advice?
  • How do you know if an allegation is serious enough to launch an investigation?
  • How do you conduct an investigation?
  • What is the board’s responsibility regarding whistleblowing and what do you do with the people involved during an ongoing investigation?
  • When do you bring in an external auditor?
  • Should you strike an investigative committee? If so, who should be a part of it?
  • How do you know when to end an investigation?
  • How should the board protect information regarding the investigation?