The Personal Legal Liability Exposure of Directors & Officers
Whether a private company like the Weinstein Companies or a public company like Wynn Resorts; there was egregious behaviour going on for many years and people knew. Settlements were made to a variety of people using company funds.
Both cases and others that we are too familiar with; give rise to the same question; “Where were the Risk Managers?” Who was providing information to the board or directors? And if you say the in house counsel; you will be wrong.
We saw where an in house counsel at NBC conducted a survey of personnel, for the board, after the alleged harassment suit was settled. This presents a conflict of interest and a lack of transparency.