Supported by relevant case law and benchmarking data from the Society/Deloitte: “Board Practices Report: Common threads across boardrooms” and other resources, Sidley Austin’s “Should Highly Regulated Public Companies Have Board-Level Compliance Committees?” documents the dearth of board level compliance committees among companies generally, and companies in highly regulated industries specifically, and identifies potential upsides and downsides of creating a standalone committee for this purpose.
Access additional resources on our Board Committees and Board Practices/Governance Practices pages. This post first appeared in the weekly Society Alert!