January 27, 2021 | Corporate Counsel
The Lasting Message to Chief Legal Officers From the Challenger DisasterThe Challenger anniversary offers a substantive, practical message that is as relevant today as it was 35 years ago. And it's a message about the enduring importance of risk management and compliance processes; the value they bring to project development when thoughtfully structured, and the harm they can create when carelessly ignored.
By Michael W. Peregrine
5 minute read
December 11, 2020 | Corporate Counsel
Supporting the CEO's Public Profile on Controversial Issues: Positioning the CLO To Provide Practical AdviceIn a subtle shift from historical practice, CEOs across industry sectors have, in the last year, demonstrated a greater willingness to take public positions on public policy issues and related concerns. Yet such public positioning is not without significant reputational, performance and perhaps legal risk to the CEO and to the company.
By Michael W. Peregrine
6 minute read
November 10, 2020 | Corporate Counsel
Workforce Culture Really Is Board's Responsibility; CLO Has Related Role to PlayIn his monthly column, Michael W. Peregrine discusses new research that calls on boards to understand that their responsibility should also include objectives such as inclusion and diversity, health and safety, and workforce reduction plans.
By Michael W. Peregrine
5 minute read
September 24, 2020 | Corporate Counsel
Why GCs Will Appreciate the Governance Recommendations in Kodak Independent Counsel ReportThe report serves to support the oft-referenced link between effective governance practices and legal compliance. As a result, it is worthwhile reading for the corporate general counsel.
By Michael W. Peregrine
6 minute read
September 09, 2020 | Corporate Counsel
Two Timely Governance Topics for Upcoming Board MeetingsTwo important governance issues for agenda consideration relate to the company's possible commitment to principles of stakeholder capitalism, and to consideration of possible governance "lessons learned" from the pandemic.
By Michael W. Peregrine
6 minute read
July 13, 2020 | Corporate Counsel
Corporate Compliance Lessons Abound From Navy's Report on the USS Theodore RooseveltThis latest chapter in the Roosevelt saga should prompt some important introspection by the general counsel, the compliance officer and others with responsibility for organizational ethics and legal compliance.
By Michael W. Peregrine
7 minute read
May 21, 2020 | Corporate Counsel
Integrating Risk, Legal and Compliance Functions in Large CorporationsBoeing's recent decision to assign its new chief legal officer the responsibility for both global compliance and the law department reflects an emerging interest in integrating the risk, legal, compliance and ethics functions in large corporations.
By Michael W. Peregrine
6 minute read
April 03, 2020 | Corporate Counsel
The GC's Role in Managing the Board/Management Dynamic During Times of CrisisCrises such as the current pandemic present significant, novel challenges for the company's general counsel, including but not limited to helping to manage the board/management dynamic.
By Michael W. Peregrine
5 minute read
January 27, 2020 | Corporate Counsel
Key Governance Lessons From Baseball's Sign-Stealing ScandalBaseball may be America's pastime, but it's also providing valuable lessons on corporate governance. For the current sign-stealing scandal underscores the importance of board oversight of an organizational culture of integrity, and the risks that can arise when such culture is lacking.
By Michael W. Peregrine
5 minute read
October 22, 2019 | Corporate Counsel
The Whistleblower's Renewed Connection to Corporate GovernanceThe current CIA whistleblower controversy in Washington, D.C. offers just that—an opportunity to remind the board of its important oversight obligations with respect to the company's whistleblower process.
By Michael W. Peregrine
5 minute read