How to run a successful internal investigation

We brought you news last week that more companies are being forced to undertake the messy business of internal probes. The ongoing stock options grant date scandals is but the latest catalyst. You can never fully anticipate what happens. But some good advice in this area is be prepared--for anything. Make sure you know what your D&O insurance covers. Have some law firm prospects ready; your best bet may be to rely on an outsider. Understand that the audit committee may be the most appropriate overseer of such a probe. Be prepared to set rigid parameters and objectives. All your planning may be for naught given the specifics of the probe. God forbid you are the subject. But establishing some generic procedures now will sustain your credibility when the rubber hits the road. Tips