Board Audit Committee Dialogue and Networking: A Serious Allegation Is Reported – What Should Boards Do?

What should independent directors and audit committee members do when a serious allegation is reported? Overseeing a corporate investigation can be complex and time-consuming, with personal risks if missteps occur. Board members must make the right choices when discharging their legal and fiduciary duties, obtain the optimal outcome and strengthen trust. Ethically and legally bound to address allegations, board members often wonder if they should engage forensic investigators and to what extent they should be aware or be involved in the investigation process. Are there any public disclosures to comply with when fraud is unearthed, and how does it impact the company’s legal interests? Join this Dialogue to explore a framework for corporate investigations that details how you can or should manage corporate investigation properly, avoiding missteps to minimise negative impact and rebound quickly from the episode. Learn about the common subjects and triggers to an inquiry, key steps within the process and some potential pitfalls of conducting or overseeing an investigation.