Conflicts as information

“McKinsey Held Back Chapter 11 Positions,” The Wall Street Journal, June 20, 2018 B1. Consultant advises in bankruptcy proceedings while holding undisclosed interests in the outcomes.

Did McKinsey not know that they had these investments?  Did they not have a process for checking for conflicts?  Or did they not care?  Did the lawyers not ask when employing an agent?  Was there no policy, at McKinsey or the court or the attorneys, about conflicts?

Maybe they need an outside consultant to review their processes.  Lots of really cool slides.

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Filed under Access, Accuracy, Compliance, Compliance (General), Controls, Corporation, Definition, Duty, Duty of Care, Governance, Information, Internal controls, Lawyers, Oversight, Third parties, To report

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