Episode Summary:
In this critical episode, Colleen McKnight breaks down the elements of fraud and breaches of fiduciary duty in business settings. The discussion covers self-dealing red flags, the business judgment rule, remedies like punitive damages, and proactive steps to safeguard companies from internal misconduct.
Key Timestamps:
00:01 - Show Introduction
00:30 - Guest Introduction
00:50 - Defining Fraud in Business
02:00 - Fiduciary Duties Explained
04:00 - Red Flags for Misconduct
06:00 - Business Judgment Rule Origin
08:00 - Immediate Protective Actions
10:00 - Honest Mistake vs. Breach
12:30 - Legal Remedies and Damages
15:00 - Civil vs. Criminal Overlap
17:00 - Minimizing Litigation Risk
19:00 - Closing Remarks
About the Show:
"In the Courtroom and the Boardroom: Business Law and Litigation with Colleen McKnight" is a podcast that equips leaders with strategic insights on disputes, governance, and risk management. Colleen McKnight delivers trial-tested guidance to protect enterprises and resolve conflicts efficiently.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.