Business:Management
McDonald’s and Duty of Corporate Officer Oversight
2023-02-01
The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt and I take a deep dive into recent decision by the Delaware Court of Chancery in the McDonald’s case creating a duty of oversight for corporate officers. Some of the highlights include:
· Why bad facts can make bad law?
· The sordid facts of David Fairhurst during his tenure at McDonald’s.
· The legal rationale.
· What is Caremark and how did it influence this decision?
· What does it mean for CCOs?
· How does this decision intertwine with the Monaco Doctrine, CCO certification and the new Corporate Enforcement Policy?
Resources
Tom with a multipart series on the FCPA Compliance and Ethics Blog
Matt Kelly with two posts in Radical Compliance
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