Following a series of negative press articles about large banks driving up food prices, your company's board has let it be known that it wants to discuss the issue of commodities trading at its next meeting. The commodities desk is writing a short memo in favor of its activities, and the compliance department has been asked to present the countervailing position 34 memorandum that explains the risks to a financial institution engaged in commodities trading. Focus not only on financial issues, but reputational questions as well.

Stephen Lubben Corporate Finance Third Edition

In re Citigroup Inc. Securities Litigation