An auditor briefs some of company’s directors about an investigation of bribery. In 2006. Nobody tells the SEC until 2011. What are the director’s obligations once they know or have reason to know of criminal wrongdoing? Why do companies have auditors?
“Wal-Mart Auditor Criticized On Probe,” Wall Street Journal, May 26, 2015 B3.
The leader of a price-fixing conspiracy says that people much higher than he was in the bank knew about and indeed participated in the rigging. If true, what does this say about the culture of the company? If true, what happens to the company’s charter?
“Libor Courtroom Drama Is Ready to Begin,” Wall Street Journal, May 26, 2015 C3.
What happens if a company doesn’t meet its duty to comply with the law? How many people knew?
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