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Following a seminal ruling from a Delaware judge last week, McDonald’s shareholders can now sue the fast-food company’s former chief people officer for allegedly enabling a culture of sexual misconduct and resulting damage. The ruling is particularly groundbreaking because it has long been the board’s responsibility to answer for a company’s bad behavior. But last week’s ruling gives C-suite executives “duty of oversight,” which holds them accountable for breaches of fiduciary duties, much like boards are.
