You are appointed as an independent director and chair of the audit committee of Gordito, a Delaware

Question:

You are appointed as an independent director and chair of the audit committee of Gordito, a Delaware company with its principal place of business in Colombia. Gordito is in the business of importing vegetables from South America for use in gourmet snack foods. The management and board chairman of Gordito are Colombian nationals and the board meetings are conducted in Spanish, with simultaneous translation into English. You learned a little Spanish in college but have forgotten everything you knew. During your service on the audit committee you notice references to large cash transfers being made to a bank you have never heard of in Columbia. You ask the company’s internal audit department (located in Colombia) to check into the matter and are informed that the practice is perfectly normal for that part of the world. A little while later an investigative reporter calls you at home and asks if you know anything about Gordito being a front for drug cartels. What should you do?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: