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28Dec

The Board's Role in Corporate Compliance is Changing - Fast

Key Takeaways from Foley's National Directors Institute Conference Panel - When it comes to a corporate board’s oversight of compliance programs, it’s no longer business as usual. In 2019, a Delaware court shifted the board oversight standard from “sustained or systemic failure of the board to exercise oversight” to a proactive requirement that directors “must make a good faith effort to implement an oversight system and the monitor it” – a requirement that dovetails with the Department of...
By: Foley & Lardner LLP
Source Url: https://www.jdsupra.com/legalnews/the-board-s-role-in-corporate-20266/

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