Managing In Today’s Troubled Environment: A Primer For Directors and Senior Managements

I have recently written a memo entitled “Managing In Today’s Troubled Environment: A Primer For Directors and Senior Managements,” which highlights for directors and senior management key matters they should consider as they address in the current troubled environment their role as overseers of the business and affairs of the public companies they serve. In it, I discuss how fiduciary duties should be applied in current conditions, focusing particularly on risk oversight, and outline a number of specific actions directors and senior management should consider today. The memo also highlights, also against the backdrop of the current market pressures, the existence of significant disclosure issues and the appropriate use of experts by directors and senior management.

The memo is available here.