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New research from NYSE Governance Services and BarkerGilmore offers a revealing look at current and future expectations for General Counsel. Our 2016 survey underscores that in the minds of executives, the purview of today’s GC has evolved well beyond the traditional role of chief legal officer and corporate secretary.
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.
Disappointed in What Interviews Reveal about Candidates for In-House Assignments? Maybe It’s Your Technique.
Interviews for legal and compliance positions often fail to provide insight into a candidate’s real skills and abilities. Behavioral interviews can uncover much more.
As a professional legal and compliance-recruiting firm, BarkerGilmore believes that one of the chief obstacles to a successful interview is questions that are hypothetical and overly straightforward.READ FULL ARTICLE
It’s Not Polite to Ask about Money. But It Certainly Is Revealing if You’re Hiring a New GC.
The past decade has seen a subtle shift in the role of the GC—from competent legal adviser to vital member of the executive team. As part of that shift General Counsel duties have expanded into non-traditional areas like government relations, enterprise risk management, and even security and business continuity. And with expanded duties comes a bigger paycheck.READ FULL ARTICLE
If you’re expecting your GC to stay around forever, it’s probably time to change your expectations.
The role of General Counsel has been expanding in recent years. More firms see their GC not only as Chief Legal Officer, but also as an integral member of the executive team with responsibility for corporate governance, risk evaluation and even crisis management. A parallel shift is toward shorter GC tenure and more career movement. In light of these trends, how is your firm preparing for the possibility that your GC suddenly decides to retire early or seek greener pastures?READ FULL ARTICLE
In a global economy, companies can’t afford to overlook the risks that come with doing business abroad, even if those risks are carried by third parties.
The case of Hewlett-Packard, which was ordered to pay $108 million to settle civil and criminal cases related to violations of the Foreign Corrupt Practices Act (FCPA), underscores just how costly those risks can be.
The Securities and Exchange Commission found the technology company’s subsidiary in Russia paid more than $2 million through agents and shell companies to a Russian government official to retain a multi-million dollar contract with the federal prosecutor’s office.READ FULL ARTICLE