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The Board's Role in Corporate Compliance is Changing - Fast | Foley & Lardner LLP


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When it comes to a corporate board’s oversight of compliance programs, it’s no longer business as usual.
In 2019, a Delaware court shifted the board oversight standard from “sustained or systemic failure of the board to exercise oversight” to a proactive requirement that directors “must make a good faith effort to implement an oversight system and the monitor it” – a requirement that dovetails with the Department of Justice’s (DOJ’s) compliance update this past June, whereby leadership’s oversight of compliance will be judged by their ability to focus on risks unique to their company, use data to test programs and track effectiveness, and demonstrate evolution of said programs, among other criteria. ....

United States , Bethiz Boland , Mary Huser , Rohana Virginkar , Directors Institute , Department Of Justice , Foley Lardner , Securities Enforcement , New Directors Institute , Vice President , Deputy General Counsel , ஒன்றுபட்டது மாநிலங்களில் , மேரி ஹுசர் , ரோஹனா கன்னிங்கர் , இயக்குநர்கள் நிறுவனம் , துறை ஆஃப் நீதி , ஃபோலீ லார்ட்னர் , பத்திரங்கள் அமலாக்கம் , புதியது இயக்குநர்கள் நிறுவனம் , துணை ப்ரெஸிடெஂட் , துணை ஜநரல் ஆலோசனை ,