Compliance into the Weeds

Easterbrook, McDonalds Board & Discretionary Firings


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The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt and I take a look the recent SEC enforcement action involving Steve Easterbrook and McDonald’s. Some of the highlights include:

·      Matt tells the tale.

·      Should Easterbrook have originally been fired for cause for violating the company Code of Conduct?

·      What were the factors for the Board in not terminating for cause?

·      Should Easterbrook have been awarded a golden parachute the first time around? 

·      Why did the SEC issue a Cease and Desist Order against McDonalds? 

·      What, if anything, should McDonalds have disclosed? 

·      What does this case say about clawbacks? Corporate culture?

·      What are the lessons learned?

 Resources

Matt Kelly in Radical Compliance

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Compliance into the WeedsBy Tom Fox

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