Not using information you have

This is more about Governance and Compliance than Information, but there is a bit of failure-to-use-information-you-have in it as well.

“Wynn Resorts to Pay $20 Million Fine Related to Sexual Misconduct Investigation,” The Wall Street Journal, February 27, 2019.  Company fined after failing to act on allegations against CEO.

If more companies were fined like this, would shareholders demand companies do a better job?  Would the directors be held liable, either for the damages or for failing to do their duty (and then dismissed)?

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

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