Coronavirus: Despite SEC Relief, Risks Remain for Directors and Officers

Recognizing the harm the outbreak has already done to businesses and investors — and the additional damage it could cause in the weeks and months ahead — the Securities and Exchange Commission (SEC) this week issued an order intended to provide a measure of regulatory relief to public companies and their boards. While this relief is surely helpful, businesses and their directors and officers should not become complacent about the risks they could still face as the outbreak persists.