Corporate Wrongdoing Risks Go Beyond Exec Departures

Law360 (October 31, 2019, 2:42 PM EDT) -- Recent controversy over the ousting of KPMG International’s head of financial services consulting is a reminder of the challenges facing firms that suspect or uncover wrongdoing by senior executives.

Against a background of more aggressive enforcement by criminal and regulatory authorities and increasing societal pressure to root out wrongdoing at the top, legal and financial services firms face a heightened level of scrutiny of their handling of these matters.

Little is known of the nature of the alleged misconduct by the KPMG partner beyond the suggestion it involved the use of Whatsapp and that the individual resigned before the firm’s disciplinary...

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