Criminal convictions for a former McKinsey partner and ex-Volkswagen directors for compliance failings and misconduct.
Reputation
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.
Publications investigate supervision and the mitigation of greenwashing risks.