Reputation

Strong organizations are those that recognize when they have lost their way, and have the governance to find their way back.

Criminal convictions for a former McKinsey partner and ex-Volkswagen directors for compliance failings and misconduct.

The move aligns with recent pushes to mitigate practices that critics say facilitate politically motivated debanking.

Five key areas GCs should focus on when addressing the board, with insights from Nicola Williams, partner and formerly GC, legal and compliance director and company secretary for Welsh Water. 

The FCA has already signalled it will water down its original plans.

Washing risks can lead to loss of reputation, loss of stakeholder trust and goodwill, employee brand damage, and costly legal/regulatory action.

Assessing the risks posed by cyber incidents is an organizational imperative.

With SolarWinds as a backdrop, the authors look at negligence in cybersecurity in terms of personal accountability and a firm’s integrity.