SEC Enforcement Actions against Outside
Directors Offer Reminder for Boards
- Authors:
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Publication Date:
June 2011 -
Report Number:
DN-V3N12-11
In recent months, the U.S. Securities and Exchange Commission has brought two enforcement actions against independent directors of two publicly traded companies. This report discusses these recent cases in light of the SEC’s historical position on offenses by outside directors and offers recommendations for how board members can mitigate their risks.