WilmerHale Partner William R. McLucas and Counsel Rachel Murphy, in this Westlaw Journal Corporate Officers & Directors Liability article, caution companies against relaxing their corporate governance and oversight standards due to expectations that under the Trump Administration, the government's law enforcement efforts with respect to corporate conduct may be less aggressive than what we have seen over the past decade or so. The authors cite cautionary tales from the fallout of the insider trading and savings and loan scandals of the 1980s and the Enron and Tyco accounting scandals of the 2000s as a lesson that any expectation that the rules do not apply is often a prescription for an aggressive government crackdown.
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