October 07, 2020

Matt Kelly on the Role of Internal Audit

12 minutes

In this special five-part podcast series, I take a deep dive into the recent Herbalife FCPA Resolution. Over the next 5 podcasts Mike Volkov, Jay Rosen, Matt Kelly, Jonathan Marks and Jonathan Armstrong will all bring their own unique perspectives to this settlement. In this Part 3, Matt Kelly joins me to consider the role internal audit in this matter and the (non) actions of Herbalife’s Board of Directors.

Some of the highlights include:

Internal Audit as window dressing does not good government make.

How high up must internal audit push?

What is the Board’s duty?

Is there a Caremark claim against the Herbalife Board of Directors?

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