In this age of fake news, what does it mean when a CEO admits his company harbored a “culture of lies”? What happens when senior management is not the solution to compliance woes but the problem? How do shareholders make their collective displeasure known to company executives? Does any of this even matter? These questions and others ran through the head of The Man From FCPA over recent reports of shareholder dissatisfaction with executive management at the Japanese giant Toshiba.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...