If there is a message to communicate, in crisis management, adequate and timely disclosures are essential to minimize damage. Think BP, the tsunami in Japan, Ohio State's Tresell Penn State's Sandusky. The sooner the bad news is disclosed, the sooner action steps are disclosed to resolve the situation, the lesser the damages are inflicted in the long run to all affected parties. Board, make you announcement now!! Disclosure, disclosure disclosure. For once its time to listen to your stakeholders.