Addressing sexual harassment claims at the board level

Guest Commentary: Sexual harassment claims are on their way: How and why company boards should get ready

In today’s environment, no industry is immune from claims of workplace harassment. Allegations can not only tarnish a company’s -- and a board’s -- reputation, and impair shareholder value, but imperil the existence of a company.

Weinstein Company LLC may have been an extreme case, but the events of the last year support the idea that sexual harassment is a reality in all sectors. The biopharmaceutical industry is no exception.

“When allegations do arise, it’s essential that boards act quickly.”

Doreen Lilienfeld, Shearman & Sterling

In any company or organization, the problem can stem from just one bad actor, or from a host of them, from individual acts, or from a whole environment. Any of these can have a damaging effect on employee morale, not to mention goodwill of potential investors or partners.

And when allegations do arise, it’s essential that boards act quickly. A perception

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