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Boards confronting on-the-job affairs

The International Monetary Fund’s governing board recently cleared its chief, Dominique Strauss-Kahn, of wrongdoing over an affair he had with a former staffer, Piroska Nagy, deciding the relationship was consensual, and that no favoritism — or retribution — toward Nagy occurred afterwards. U.S. boards increasingly must react to such conduct by top executives. In 2005, Boeing ...