Law360, New York (April 29, 2016, 3:30 PM EDT) -- Michael W. Peregrine
William P. Schuman A recent decision of a state bar disciplinary commission has important implications for the risk oversight obligations of governing boards. According to various media reports, the Michigan Attorney Grievance Commission declined to pursue six former General Motors Co. in-house counsel for failing to disclose to consumers the safety risks of an alleged defective automotive product.  The reporting practices (or lack thereof) by members of the GM in-house counsel department were a major part of that company's broader ignition switch controversy. As such, the circumstances surrounding the commission's action are a useful reminder on how...
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