• Directors and Officers,  Indemnification

    Les (Not Paul) and Indemnification of Directors and Officers

    Indemnification of directors and officers often rears its head in white-collar matters and internal investigations.  Here is an interesting take by James Stewart on the Les Mooves situation (click on image for article): Mr. Moonves, of course, was until recently the long-time, influential chief executive of CBS.  He was fired after an internal investigation into complaints of sexual harassment (click on image for article): In part, Mr. Stewart notes that: Mr. Moonves has the right to challenge the board’s decision in a confidential arbitration proceeding, and he could also sue for breach of contract. In the interview, Mr. Moonves said he hadn’t yet decided whether to pursue arbitration. But why wouldn’t…

  • Cocktails,  Compliance,  Ethics

    Weekend: GCs on Boards and Gin in Ice

     Notes For the Weekend:   I tend to agree:  No, General Counsels Should Not Be On The Board.  The conflicts can be too great.  GCs sometimes have a hard enough time, as it is, being honest brokers and, as the saying goes, speaking truth to power. Especially good corruption, bribery and FCPA collection from Corruption Currents  (via@WSJRisk).               As always, a good summary of white-collar news from @WaltPavlo and 500 Pearl Street.   And finally . . . The best “coffee-table” book I have read on martinis is The Martini: An Illustrated History of an American Classic by Barnaby Conrad III: A chilled, crystal…