Eileen Scofield presented, "Workplace Compliance Liability and Corporate Disclosure Obligations Related to the Form I-9," during this Law Logix Webinar sponsored by Stanford's Rock Center for Corporate Governance.
This webinar covered workplace compliance liability and corporate disclosure obligations related to the “Form I-9” - a document every employer must complete and retain for each employee to prove they are eligible to work.
In light of recent troubles at Chipotle, American Apparel, and Abercrombie & Fitch, the emerging question is whether publicly traded companies - now more attentive to issues of corporate governance - should be actively concerned about the potential for a new kind of material liability and related repercussions that has arisen from the increasing fiduciary, legal, and ethical oversight responsibilities surrounding I-9 compliance. In other words, are the troubles of these companies just the beginning and will there be more to come?
The following topics were covered during the program.
- How to think about I-9 problems that are lurking “on the books” of a publicly traded company and decide whether these require external auditor type scrutiny and disclosure in the same manner as other quantifiable issues such as impaired assets or product recall concerns.
- With I-9 enforcement across all industry categories at an all-time high, you learn to weigh whether companies now have a fiduciary responsibility to get their I-9 house in order or report to shareholders that they haven't.
- Why failures in I-9 compliance or improper SEC disclosure can lead to securities class action suits, shareholder derivative suits, or some alternative cause of action against publicly traded companies.
June 1, 2011
11:30am-12:30pm