This article, written by Katayun I. Jaffari, an Associate in the Business and Finance Department in the Philadelphia office and a member of the Corporate Governance Practice Group, provides an overview of the business issues that corporations must address upon the discovery of misconduct. The article maintains that, while an internal investigation is the first step toward correcting corporate misconduct, directors and officers of companies must be prepared to take swift action to correct problems that are identified to restore public trust and, in some cases, reduce the likelihood of criminal...