Executive scandals are hitting the news almost daily – bringing legal, operational and reputational challenges for the companies involved. Those challenges only grow if a company isn’t prepared to investigate quickly and communicate effectively.
While every allegation of executive misconduct is unique, our colleagues at FGS Global partnered with investigations firm Secretariat to examine the intersection of compliance and communications. They identified three common pitfalls to avoid:
Speaking too soon: Comprehensive investigations take time. Balance the pressure to respond with the need to see the full picture before speaking.
Losing credibility: Investigations that appear biased – either in scope or in leadership – will lose public support.
Failing to own the narrative: Scandals become media fodder quickly. Take control of the story as early and completely as possible.
Likewise, the research highlights five standard best practices to ensure an incident doesn’t spiral into long-lasting reputational damage:
Build a cross-functional working group including communications advisors.
Conduct an independent investigation with new board members, outside auditors or a special committee.
Align all communications to the legal strategy and the company’s core values.
Respond thoroughly by sticking to the facts, managing expectations around the investigation and transparently addressing concerns.
Speak with one voice across internal and external stakeholders.
Learn more about navigating executive scandals in FGS and Secretariat’s whitepaper.