Top Five Corporate Scandals of 2018: Episode II-1MDB and Goldman Sachs

FCPA Compliance Report

In this five-part podcast series, I visit with Amii Barnard-Bahn to consider five of the top corporate scandals from 2018. The five we discuss are CBS, 1MDB/Goldman Sachs, Facebook, Tesla and Nissan. We explore the failures at the Board of Directors and at senior management and these companies need to do to not only solve the legal imbroglios they now find themselves in but to also regain the trust of their various stakeholder. In this second episode we consider the ongoing scandal at the Malaysian sovereign wealth fund 1MDB and the fallout for Goldman Sachs. Some of the highlights include: · Why is this matter on our Top 5 list?· Will this scandal be the largest geo-political scandal going forward into 2019?· What is the legal liability of the 1MDB Board of Directors?· How high up at Goldman did this scandal go?· How could there have been such a blatant override of internal controls at Goldman Sachs?· How pervasive was the ‘win at all costs’ culture at Goldman Sachs?· What will be the DOJ/SEC penalty on Goldman Sachs?

Amii Bernard-Bahn is an experienced executive who has worked at Fortune 20 companies and nonprofits such as McKesson, Allianz and the California Dental Association, leading multiple functions, including Human Resources, Compliance, Legal, IT, and Communications. Now as an executive coach and strategic advisor Amii helps boards and leaders design exceptional work environments that enable organizations to outbehave and outperform the competition.

Amii is a leadership columnist at Compliance Week and a favorite guest on the Compliance Podcast Network, covering CEO, board and governance best practices. She is a Fellow at the Institute of Coaching at McLean Hospital - Harvard Medical School. Current clients include First Republic Bank, The Gap, and Adobe. A lifelong diversity advocate, Amii recently testified in multiple legislative committees on the successful passage of CA SB826, the first law in the U.S. requiring corporate boards to include women. She can be reached via email at [e-mail].

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