Tag Archives: compliance failure

The buck stops at the board

High-level compliance and control failures, whatever the specific cause, are ultimately a board’s responsibility. Saying the “directors didn’t know” is no excuse
By Richard Leblanc
June 17th, 2012

If the CEO of SNC-Lavalin allegedly overrode his own CFO and breached the company’s code of ethics in authorizing $56 million of questionable payments to undisclosed agents that the federal Canadian police are now investigating, did the board of directors … Continue reading

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