Main Content
Objectives and Discussion Questions
This chapter focuses on the first of the seven elements of an effective compliance program -- governance. We will cover the common top down org structure in a corporation that is accountable to manage risk and compliance. We will look at the role and responsibilities of a corporate board member. We will review a couple of sample charters for compliance-related committees. We will end with a hypo testing the limits of the business judgment rule that protects board members from personal liability for their work serving on a board.
Discussion Questions
1. For your scandal, was there a Board and how was it constituted? Are there any learnings for what the Board did or did not do that contributed to the scandal?
2. You are considering joining the Board of a local non profit, what are the indicators you will look for to indicate reasonable corporate governance?
3. What is your short answer to the hypo at the end of this chapter?
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