Read my lips

“Recording Toppled Herbalife Boss,” The Wall Street Journal, February 8, 2019 B2.  CEO resigned after a decade-old recording surfaces where he said to ignore a company policy on expense reporting.  He was CFO at the time.

What does it say when the CFO of a company tells others to ignore expense reporting policies?  What does it say that nobody mentioned this to the Compliance folks?  What was the culture at that company?

The fact that the conversation was recorded says something else about the culture, eh?

Governance.  Information.  And Compliance.

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Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

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