Eric and I talk about the highlights of the Monaco Memo, updates on the Corporate See more +
Eric and I talk about the highlights of the Monaco Memo, updates on the Corporate Enforcement Policy, a case study from ABB to showcase the role of the CCO, and how firms should interpret Department of Justice speeches. He further dives into the corporate culture, accountability, and role of the CCO. Finally, Eric sheds light on a case from McDonald’s involving the former CEO and their decision to claw back compensation. The discussion concluded with acknowledging the Delaware court’s holding that elevates the CCO’s corporate duties.
Key Topics:
[00:04:24] Process Improvement to Avoid Violations and Effect Positive Change in Company Culture
[00:09:19] The Effects of the Monaco Memorandum on Corporate Compliance Practice
[00:14:35] ABB’s Impressive Performance During an Investigation and Remediation Period
[00:18:42] The C-suite’s Responsibility in Organizations
[00:23:21] The Impact of Experiences on Assessing Business Decisions
[00:28:05] The SEC Inquiry on McDonald’s precipitated by Steve Easterbrook’s Removal
[00:32:24] The Significance of Delaware Courts in Regards to Corporate Law
[00:37:13] The Functions of Corporate Boards During Times of Crisis.
Tune in and listen to Eric as he educates us about the need to report extraordinary circumstances to the Department of Justice.
Resources:
Connect with Tom Fox
LinkedIn: https://www.linkedin.com/in/thomasfox13/
Connect with Eric Young
Guidepost Solutions: https://guidepostsolutions.com/
LinkedIn: https://www.linkedin.com/in/youngerict/ See less –
