Imagine hiring a new executive only to find out that they were involved in a serious crime, have a major conflict of interest, or have a history of suing the companies they work for. Once the ink is dry on their contract, it’s too late to easily change your mind without some type of cost […]
When an executive leaves a company, it creates a vacuum. Often, an entire division of the company is left without executive leadership. The CEO or board has lost a trusted expert to provide advice and guide the company’s operations, finances, HR, technology, or other area. However, the company should never rush the search for a […]
On May 9, 2022, Jorge Gomez joined Moderna, maker of the COVID-19 vaccine, as their new CFO. Gomez was fired just one day later when it was found out that he was the subject of an internal investigation by his prior employer Dentsply Sirona. Gomez’ brief stint at Moderna cost $700,000 in severance pay to […]
Board Risks and How to Mitigate Them The board of directors play a critical role in a company. They represent the company and have a fiduciary duty to its shareholders and assets. While they do not participate in the day-to-day activities and decisions of a business, they do oversee strategic planning and company operations, set […]
A number of interesting C Suite “characters” have been in the spotlight in recent years in the area of business corruption, fraud, and other acts of misconduct. These “bad actors” engaged in a multitude of bad actions and questionable behaviors, sometimes criminal activities, ranging from fraud, embezzlement, bribery, and money laundering, leading to serious reputation […]
Stericycle’s Rapid Global Expansion with Lack of Due Diligence and Compliance Program Cost $90M in FCPA Violation Fines Global markets continue to be the domain of the largest corporations. However, developments in technology, transportation, and communications, international markets, customers, professionals, and resources have opened global markets to smaller firms. The potential benefits, conceal certain inherent […]
Lack of Effective Executive Due Diligence and Moderna Preventative care is used to differentiate between detecting health problems before they develop and diagnostic care, or evaluating someone who has known symptoms. Moderna, the American pharmaceutical and biotechnology giant, most famous for developing one of the COVID-19 vaccinations, could have opted for more effective preventative care […]
