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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jaclyn Jaeger2023-03-10T13:30:00
The fiduciary duty of oversight that historically has applied only to directors “applies equally to officers,” including chief compliance officers, the Delaware Court of Chancery explicitly held in a recent ruling.
The Jan. 26 decision by Vice Chancellor J. Travis Laster in the case McDonald’s Corporation Stockholder Derivative Litigation means shareholders can proceed to trial with their consolidated derivative lawsuit against David Fairhurst, the fast food chain’s former global chief people officer.
A second shareholder derivative lawsuit filed against McDonald’s current and former board members alleging breach of oversight duty was dismissed by Laster in a separate decision issued March 1. In that decision, Laster found the directors took steps to address the toxic culture.
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News and analysis for the well-informed compliance or audit exec.
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2023-01-09T19:21:00Z By Aaron Nicodemus
The Securities and Exchange Commission found McDonald’s violated federal securities law when it failed to fully disclose material factors regarding the firing of former Chief Executive Stephen Easterbrook in 2019.
2021-12-17T20:42:00Z By Aaron Nicodemus
McDonald’s has agreed to drop its lawsuit against disgraced former CEO Steve Easterbrook, who will return more than $105 million in equity and cash he received upon the termination of his employment in 2019.
2020-08-13T14:37:00Z By Compliance Week
A fresh podcast from the Theranos whistleblower and a new compliance association for Black practitioners get a round of applause from us this week, while a complicated case involving McDonald’s lands the company on both the “Nailed It” and “Failed It” lists.
2024-07-12T10:49:00Z By Neil Hodge
It’s been a trying time for staff at firms with redundancies, affecting morale as layoffs mount amid an effort to silence dissent in the ranks for those departing.
2024-07-09T19:08:00Z By Ruth Prickett
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?
2024-06-27T13:39:00Z By Adrianne Appel
Keeping track of regulations and understanding how they affect your business can be a hot mess without proper organization and collaboration, experts said at Compliance Week’s Women in Compliance Summit, held June 3-4, in Atlanta.
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