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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Easterbrook, McDonalds Board & Discretionary Firings