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The Securities and Exchange Commission's reinvigorated enforcement focus in the new presidential administration and under the leadership of new Chairwoman Mary Schapiro increases prosecution risks for public company directors. Schapiro has also instituted SEC policy changes to increase the commission's enforcement powers. Michael Dockterman, a litigation partner at Chicago's Wildman, Harrold, Allen & Dixon, discusses why boards need to boost compliance, even amid corporate budget cutbacks.
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April 12th, 2009UncategorizedThe Securities and Exchange Commission's reinvigorated enforcement focus in the new presidential administration and under the leadership of new Chairwoman Mary Schapiro increases prosecution risks for public company directors. Schapiro has also instituted SEC policy changes to increase the commission's enforcement powers. Michael Dockterman, a litigation partner at Chicago's Wildman, Harrold, Allen & Dixon, discusses why boards need to boost compliance, even amid corporate budget cutbacks.