Summary of Skadden’s
Crisis Response and Risk
Management Capabilities

A crisis forces companies and institutions to makecritical decisions, often with lasting consequences
across a variety of areas. Organizations typically havean extremely brief window of opportunity to frame
their response, and that response can have a significant
effect — positive or negative — on the organization’ssuccess. Crises can implicate significant legal, regulatory,financial and reputational risks with key constituents,
including customers, shareholders and governments.
Skadden’s crisis response and risk management teamhelps organizations anticipate risks, assemble a response
team, formulate a crisis management plan, develop acommunications strategy and address the full range ofissues that may arise.
Our one-firm approach of close collaboration among highly experienced attorneys across offices anddisciplines is crucial to the way we quickly and efficiently serve clients. Together with our clients,
we develop and execute targeted plans for responding to governmental agencies, shareholders, theinvestment community, the media and other constituencies. Understanding disclosure issues and theimportance of effective communications is key to minimizing harmful effects. When multiple concurrent challenges arise, our deep resources and demonstrated commitment enable us to stay thecourse and develop long-term, post-crisis management and communications strategies.

Skadden’s client service is the gold standard
and the best in the US.”– Chambers Global 2022

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Why
Skadden?
Crisis management is a real-time exercise requiring strong
leadership and close coordination and communication withina core team — an approach that is second nature at Skadden.
Our strength in corporate crisis management is predicated onsome of the firm’s very specific characteristics, including:Crisis Experience:
National security
Cybersecurity
Investigations by Congress, the Department ofJustice, the Securities and Exchange Commission and state attorneys general
Federal and state criminal and regulatoryinquiries and other white collar investigations
Corporate governance
Shareholder activism and other corporate board
challenges
Internal investigations of for-profit andnot-for-profit institutions- Immediate and ongoing availability of seasoned leadership.
Effective crisis management requires seasoned leadership fromthe outset and throughout. Many of our partners have extensive
experience in managing corporate crises. As the specific situation
requires, one or more of these partners will lead the Skadden
team and provide highly responsive, strategic and tacticalguidance and judgment critical to the crisis management effort.
- Integrated team approach. Crises often involve multiple legal
issues and can cause international ripple effects. Skadden iscross-functional by nature. Much of what we do involves multidisciplinary, multi-office coordination, including internationally. We
leverage the firm’s 50-plus practices across 21 offices worldwide
to provide clients with a cohesive team and “one-stop shop” foraddressing each area of concern in a crisis, including working
with regulators and legislators globally when necessary.
- Industry knowledge. Responding to a crisis often requires
knowledge of both the relevant industry and legal issues.
Our breadth of experience significantly contributes to our ability
to immediately mobilize crisis management response teams
in widely disparate situations across diverse issues, events,industries and geographies.

Distressed financial conditions /bankruptcy issues
Securities litigation defense
ClimateEmployment-related issues, including
sexual misconduct
Mass torts/product defects / recalls
and insurance coverage

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Why Skadden?
(cont.)- Key practice capabilities. While every corporate crisis is unique,each is similar. Corporate governance and director responsibility
issues often come into sharp focus. Inquiries and claims fromCongress, federal and state governmental agencies and private
parties frequently follow the crisis-inducing event very quickly.
As a result, several of our practices have been crucial to crisis
management response efforts, even if the triggering circumstance did not arise in those areas.
- Understanding disclosure and communications. Corporate
crises raise crucial, urgent disclosure and communications
issues. Understanding the need to effectively communicate
key messages, and the proper means for doing so, can be thelinchpin of success in maintaining stability and minimizing thedamage that can result from corporate crises. At Skadden, we
actively provide guidance and assistance in this critical area,
including direct communication with key constituencies.
- Resources and commitment. While a company’s immediate
response and actions are often most helpful — or harmful —managing the crisis almost always is a long-term effort. Oncea crisis has passed, we help clients evaluate the causes of,
response to and impact of the crisis to determine how to
improve the company’s crisis preparations. A crisis can beviewed as a “stress test” of a company’s compliance systems
and policies and can be used as an opportunity to identify
aspects of those systems and policies that can be improved.
- Risk mitigation and compliance. Skadden works with clientsto uncover risks, conduct ongoing audits of risk areas to identify
problems early and take the necessary steps to prevent themfrom developing into crises. Risk analysis and audits can help
avoid crises entirely or demonstrate a history of due care,
responsibility and good citizenship should a crisis arise. Thesesteps are important from a public relations standpoint, but also
may reduce a company’s legal exposure and help dissuade anagency from bringing an enforcement action against a company.
After performing risk assessments, we advise clients on how tobest prevent or mitigate risks to their operations and reputations.

Government Experience. Skadden lawyers
have served at the highest levels of theU.S. government, gaining experience that isextremely useful in managing and investigatingcomplex crises, including anticipating how theexecutive, legislative and judicial branches mayrespond. Prior to joining Skadden, our attorneys
held positions at:U.S. Attorneys’ Offices (U.S. attorneys)
State Attorneys General Offices
Department of Justice(incl. as senior enforcement officials)
Securities and Exchange Commission(senior enforcement officials)
Commodity Futures Trading Commission(enforcement director)
Department of the Treasury Office of Foreign
Assets Control and Financial Crimes Enforcement Network
National Intelligence Community (director ofthe National Counterterrorism Center, Officeof the Director of National Intelligence and U.S.
Department of State)
White House (White House Office of Management and Budget, special assistant to thepresident, associate White House counsel andWhite House National Security Council)
Congress
International Governments (incl. for the Courtof Justice of the European Communities andSecretariat of the Court of Arbitration of theInternational Chamber of Commerce)

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Awards &Recognition

Regularly recognized as a Securities PracticeGroup of the Year by Law360, including
for recent dismissals of event-driven shareholder
litigation threatening major global corporations.

Consistently commended
as a leading firm by Global
Investigations Review, whichin 2021, stated Skadden’s
strength “lies in advising
corporations onhigh stakes matters” and“It’s hard to find a firm thathas worked on such a variety
of major corporate crime casesin the last few years.”

Named the top U.S. law firm – more times
than any other firm – in Corporate Board
Member ’s annual survey of leading law
firms, which recognizes those providing
the “highest caliber of legal advice
and consulting.”

2021 American Lawyer Litigation Department of the Year
finalist cited for our litigators’ ability to “thrive when thestakes are high and the odds are long.”

Named Washington, D.C. Litigation Department of the Yearfor products liability by The National Law Journal.

Acclaimed several times as North America’s“most innovative law firm” by the Financial Times.

Consistently named to The BTI Consulting Group’s
Fearsome Foursome list, highlighting the four elite
law firm litigation practices that general counsel would“least want to face across the table in litigation.”
BTI has singled out our work in class actions,product liability and securities and finance litigation.

In naming Skadden Litigation
Department of the Year, TheAmerican Lawyer noted, “Someof the largest companies in theworld ... turned to Skadden tohandle matters of the highest
priority to their business strategy,
and sometimes their survival.”

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Leaders inCrisis Management
According to clients and editors in the Chambers USAand Chambers Global guides, Skadden is:“Regularly called upon to handle
bet-the-company matters andmajor class actions.”“Particularly active ininvestigations relating tothe FCPA, insider tradingand financial fraud cases.”“Providing top-tier counsel
to financial institutions andmultinational corporations, often
in business-critical matters.”“Best known for its representationof financial institutions andlarge publicly traded companies
in internal and government
investigations, and related civil
enforcement matters. Talented
team regularly involved in trial
and investigative proceedings
regarding procurement fraud,
FCA violations, bribery andeconomic sanctions.”

Known for its“strong national
security practice housing
respected practitioners who offer
in-depth expertise in matterssuch as compliance, reviews andinvestigations. Particularly adept
at advising on matters involving
Chinese and European entities.”
Renowned for “a wealth ofexperience handling investigations
and enforcement actions brought
by US agencies.”“Regarded as one of the leadersin CFTC enforcement actions
and investigations. Houses animpressive roster of former
federal law enforcement officials.”

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The Americas
BostonChicagoHoustonLos Angeles
New York
Palo AltoSão Paulo
TorontoWashington, D.C.
Wilmington

EuropeBrussels
Frankfurt
LondonMunichParis

Asia PacificBeijingHong Kong
Seoul
ShanghaiSingaporeTokyo

Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates