Early warning system

You discover a product flaw.  One of the first things on your crises management list of things to do is notify your biggest (or best) customers.

“Intel Told China of Flaw Before U.S.,” The Wall Street Journal, January 29, 2018 A1.  Intel tells its Chinese customers of a security flaw in Intel chips before telling the US government.  Flaws discovered in June 2017.  Not disclosed to the market until after a website in the UK reports on them in January 2018.

Who thought waiting to tell the US government was a good idea?  Where are they now and what are they doing (and for whom)?

Getting information early increases the value of that information to you.  Six months?  What happened in the meantime?  What did the Board know?  Did they approve the communications plan?

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Filed under Board, Communications, Corporation, Directors, Duty, Duty of Care, Governance, Inform market, Information, Oversight, Security, To report, Value

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