Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Lessons from Wynn Resorts’ sexual harassment scandal

Jaclyn Jaeger | August 28, 2018

There has been a lot of talk in the news lately about sexual harassment allegations in the workplace, but not a lot of talk about what companies are doing about it. Now, companies have at least one case study in Wynn Resorts.

Over the past six months, the casino and resorts company has been taking a variety of steps to refresh its corporate governance structure, ever since accusations surfaced in the Wall Street Journal in January that managers and executives failed to act on numerous complaints from female employees that they were sexually harassed or assaulted by then-Chief Executive Officer Stephen Wynn and allowed the behavior to continue for decades as they turned a blind eye.

On the day the report broke, the Wynn Resorts board formed a special committee of independent directors—retaining law firm Gibson, Dunn & Crutcher as outside counsel to assist—to investigate the company’s awareness and knowledge of the allegations. Wynn Resorts’ internal...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.