The Coast Guard said its goal for the investigation is to determine as much as possible about the cause of the tragedy and whether it was linked to equipment or materialfailure.
Wells Fargo's revised policy takes back unpaid compensation awards in the event of misconduct, material error, failure to supervise or in the event the company or an individual executive's business group has a material downturn in financial performance or failure of risk management.
Failure to disclose a material fact (or the material misrepresentation of an asserted fact) is the basis for administrative, civil, and criminal actions under all of the securities laws requiring disclosure.
As you probably know, the success or failure of Lloyds' attempt to generate high profits and returns on its capital are of material importance to most of us, in that taxpayers own 41% of the bank.