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BarkerGilmore partnered with NYSE Governance Services to produce a timely new survey document, The Rise of the GC: from Legal Adviser to Strategic Adviser. The report synthesizes the views of directors and executives on the role of GCs in light of the expansion of corporate governance. In short, it’s apparent that there are changing executive perceptions about the role and impact of General Counsel.
Reputation will take you only so far. To get the best General Counsel, you need to offer an extraordinary package including compensation, equity, long-term incentives, perks and more.
There are over a million attorneys in the US, but only a relative handful will make it into the rarefied ranks of General Counsel of a Fortune 500 company. Competition is equally fierce among corporations seeking to fill these top legal positions.READ FULL ARTICLE
Good compliance practices are good business practices. But poor compliance practices can have tragic consequences that go way beyond the bottom line.
Failure to consider compliance requirements as an integral part of your business operations can come at a high cost—a negative impact on customer relationships, hefty fines or a sullied reputation among regulators. That’s why you need robust compliance leadership and a compliance department that sets and follows the highest standards for the company.READ FULL ARTICLE
If your goal is to become an extraordinary General Counsel, start by becoming an extraordinary General Counsel candidate.
You’ve put in the work and now you’re ready to make the transition—from a top-producing lawyer to General Counsel at a company of your dreams. You’ve been keenly observing from the sidelines, adopting practices and behaviors that characterize successful GCs. You know that the General Counsel role is complex and demanding. You’re not afraid of responsibility and you never run from risk.READ FULL ARTICLE
Choosing a General Counsel Is a Business Decision, Plain and Simple. (If Only Finding the Right One Were That Simple.)
The longer the General Counsel’s office sits empty, the greater your exposure
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Abraham Lincoln said, “The leading rule for the lawyer, as for the man of every calling, is diligence.” The same could be said for the job of finding the right General Counsel.
Whether You’re Hiring from Within or Outside, Preparation Is the Differentiator
Finding a GC can mean many months of upheaval in order to identify an attorney with the right experience, credentials and cultural fit. Despite the risk of being without a GC, and despite the fact that GCs move around much more than in the past, a NYSE/BarkerGilmore survey found that only about 40 percent of companies have a formal GC succession plan in place.READ FULL ARTICLE