Recognizing the Contours of a Warning Sign: General Counsel Should Ensure That Their Boards Know a Red Flag When They See One



Michael Peregrine wrote this bylined article on helping board of directors members recognize “red flags” of corporate or executive misconduct. Mr. Peregrine wrote that the general counsel’s goal “is not to deliver an all-inclusive list of red flags to which directors can refer in times of trouble. It’s to provide value by sketching, in practical and understandable terms, the contours of a warning sign.”