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.”
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