Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP
description
Transcript of Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP
![Page 1: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/1.jpg)
Getting Internal Investigations
Done Right
David T. SchultzMaslon Edelman Borman & Brand, LLP
![Page 2: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/2.jpg)
Conducting the Investigation
“An internal investigation is worse than useless if it is not conducted properly and can cause substantial harm to a company’s credibility and reputation.”
Giovanni Prezioso, Former General Counsel, SEC
![Page 3: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/3.jpg)
Considerations
Whether and When to Conduct One Who Conducts It How It is Conducted What is Produced
![Page 4: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/4.jpg)
When Are Internal Investigations Necessary?
![Page 5: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/5.jpg)
Who?
Inside counsel vs. Outside counsel
Expense Resources
Inside Knowledge Objectivity
Confidentiality Integrity
Motivation Independence
![Page 6: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/6.jpg)
Selection of Outside Counsel Investigator
![Page 7: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/7.jpg)
Selecting Your Outside Counsel
Assessing Competence Technical Independence Reputation Local Knowledge Specified Knowledge
![Page 8: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/8.jpg)
All told, Vinson & Elkins’ “investigation” appears worthy of Inspector Clouseau.
. . . they asked few real questions, failed to talk to obvious key witnesses
Competence
![Page 9: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/9.jpg)
[V & E]…in 2000 billed Enron for between $27 million and $30 million.
Independence
![Page 10: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/10.jpg)
Structuring the Investigation
Internal Reporting Defining Scope/Written Plan Internal Communication with Employees
![Page 11: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/11.jpg)
How Do You Find the Facts?The Interview
![Page 12: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/12.jpg)
![Page 13: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/13.jpg)
How Do You Find the Facts?
Conducting the interview Corporate Miranda Tape recording/court reporter Written memos
Interference
![Page 14: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/14.jpg)
The Written Report
Whether When How
![Page 15: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/15.jpg)
The Written Report
![Page 16: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/16.jpg)
Dissemination of The Report
Need to Know Controls on Report Canary Traps
![Page 17: Getting Internal Investigations Done Right David T. Schultz Maslon Edelman Borman & Brand, LLP](https://reader036.fdocuments.net/reader036/viewer/2022062400/56814d70550346895dbac207/html5/thumbnails/17.jpg)
Investigating the Board: What Are the Limits?