Dominion Lawsuit Against Fox News Is Warning To Boards To Act Fast Against Misconduct
The board’s failure to take swift action could result in shareholder lawsuits, an SEC investigation and loss of insurance protection.
The board’s failure to take swift action could result in shareholder lawsuits, an SEC investigation and loss of insurance protection.
Directors should take heed of the reasons for the suit, and the fact that it holds board members individually responsible.
One key lesson? Acknowledging mistakes and correcting them quickly.
Three steps boards can take now to avoid similar shareholder proposal challenges.
Even though revenues increased in 2022, changes did not come fast enough, and shareholders lost confidence.
Since new cybersecurity rules will likely be approved this year, boards should be preparing to meet any new requirements that may result.