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Vol 21 No 11 Nov/Dec 2016

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Indispensable Counsel: The Chief Legal Officer in the New Reality (eBook)


ISBN13: 9780199942640
Published: March 2012
Publisher: Oxford University Press USA
Country of Publication: USA
Format: eBook (ePub)
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Legislation and case law following the relatively recent corporate scandals have increased scrutiny on the ethics and integrity of individuals, and the culture they create, at the highest levels within the corporate structure.

The corporate General Counsel (GC) is a key member of that group. This enhanced attention increases the already substantial tensions facing the GC, who must navigate the demands and interests of various corporate stakeholders-including the board of directors, officers (particularly the CEO), stockholders, and employees-while also serving the best interests of the client, which is-and should only be-the corporation itself.

In light of these heightened expectations on ethics, integrity, and other liability concerns, Indispensable Counsel: The Chief Legal Officer in the New Reality examines the key role of the independent, yet business-oriented, chief legal officer.

Indispensable Counsel provides readers with the foundations of corporate representation followed by practical guidelines on how the multiple roles of GC are, or should be, resolved, with best practices as the goal. Former Supreme Court Justice of Delaware E. Norman Veasey and coauthor Christine T. Di Guglielmo bring their stature and wealth of experience in the field to bare in this must-have resource for anyone interested in the role of corporate counsel.

Subjects:
Other Jurisdictions , eBooks, USA
Contents:
ABOUT THE AUTHORS
ACKNOWLEDGMENTS
FOREWORD BY BEN W. HEINEMAN, JR
FOREWORD BY IRA M. MILLSTEIN
PREFACE
INTRODUCTION
CHAPTER I THE GENERAL COUNSEL'S CHALLENGES IN THE NEW REALITY
A. THE LANDSCAPE
B. KEY CHARACTERISTICS OF THE GENERAL COUNSEL POSITION
C. DEALING WITH THE NEW REALITY
D. KEY TAKEAWAYS FOR THE GENERAL COUNSEL'S CHALLENGES IN THE NEW REALITY
CHAPTER II EVOLUTION OF THE ROLE OF GENERAL COUNSEL
A. HISTORICAL PERSPECTIVE
B. MODERN REALITY
C. KEY TAKEAWAYS ON THE EVOLUTION OF THE ROLE OF GENERAL COUNSEL
CHAPTER III THE GENERAL COUNSEL ON THE BALANCE BEAM
A. THE MANY HATS WORN BY THE MODERN GENERAL COUNSEL
B. THE LONELY MIDDLE: RELATIONSHIPS WITH SENIOR MANAGEMENT AND THE BOARD
C. OTHER RELATIONSHIPS
D. KEY TAKEAWAYS FOR THE GENERAL COUNSEL ON THE BALANCE BEAM
CHAPTER IV THE GENERAL COUNSEL LEADING THE CHARGE
A. ESTABLISHING AND MAINTAINING A LEGAL AND ETHICAL CULTURE
B. ETHICS AND PROFESSIONAL CONDUCT RULES GOVERNING IN-HOUSE COUNSEL
C. DEMONSTRATING OPENNESS AND COMMUNITY INVOLVEMENT
D. KEY TAKEAWAYS FOR THE GENERAL COUNSEL IN LEADING THE ETHICAL CHARGE
CHAPTER V ADVISING THE BOARD ON CORPORATE LAW AND OTHER LAWS
A. CORPORATE LAW AND CORPORATE GOVERNANCE UNDER STATE LAW
B. THE CLO'S ADVICE ON OTHER LAWS AND ISSUES
C. KEY TAKEAWAYS FOR THE GENERAL COUNSEL IN ADVISING ON CORPORATE LAW AND OTHER ISSUES
CHAPTER VI MANAGING THE LEGAL DEPARTMENT
A. NEED FOR ADEQUATE RESOURCES
B. COMPARTMENTALIZATION AND DECENTRALIZATION
C. GLOBAL CHALLENGES
D. WORKING WITHIN THE LAW DEPARTMENT BUDGET
E. CHOOSING OUTSIDE COUNSEL
F. KEY TAKEAWAYS FOR THE GENERAL COUNSEL IN MANAGING THE LEGAL DEPARTMENT
CHAPTER VII THE GENERAL COUNSEL IN THE CROSSHAIRS: EXPOSURE TO SANCTIONS, PROSECUTION, AND LIABILITY
A. CONCEPTUALIZING THE ROLE: THE GENERAL COUNSEL AS ADVOCATE, GATEKEEPER, OR PERSUASIVE COUNSELOR
B. REPORTING UP AND REPORTING OUT
C. UNDERSTANDING THE RISKS: TYPES OF LIABILITY EXPOSURE CONFRONTING IN-HOUSE COUNSEL
CONCLUSION
APPENDIX A TABLE OF CONTENTS OF THE CORPORATE DIRECTOR'S GUIDEBOOK (6TH ED.)
APPENDIX B TABLE OF CONTENTS OF STEPHEN A. RADIN, THE BUSINESS JUDGMENT RULE (6TH ED.)