On Monday, Norfolk Southern Corp. (NSC) announced that its Board of Directors has initiated an investigation into allegations that CEO Alan Shaw may have engaged in conduct inconsistent with the company's Code of Ethics and policies. The company emphasized that these allegations are being thoroughly examined in accordance with their Code of Conduct and internal policies. The Code includes resources for employees to report concerns anonymously, such as the Ethics & Compliance Hotline.
The Board's Audit Committee has engaged a law firm to conduct an independent investigation into these allegations, affirming their commitment to a thorough and impartial examination of all relevant facts.
