- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Wells Fargo fraudulent accounts scandal is enforcing a good trend: shareholder activism directed at the board for better risk management. Tom Fox reports.
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Despite controversy before and during its annual meeting, shareholders reelected all of Wells Fargo’s directors. But trouble still lies ahead for the post-scandal banking giant.
DaVita, a multi-state dialysis provider, agreed to pay more than $34 million to resolve allegations it engaged in numerous kickback schemes to doctors who referred Medicare patients to its dialysis centers, the Department of Justice announced.
A whistleblower will be paid $37 million by the Securities and Exchange Commission for providing original, credible information that led to a successful enforcement action.
