Business Channel
boosted
🔥 Boards ignore whistleblowers at their own risk...
"...the Delaware Court of Chancery largely denied a motion to dismiss,
holding that most of Regions Bank’s board purportedly ignored red flags raised in a whistleblower report concerning the bank’s unlawful overdraft practices — practices that later led to the company paying $191 million in penalties and remediation to the Consumer Financial Protection Bureau (CFPB)."
