4 Key Steps the General Counsel Can Take Amidst New ESG Expectations
In an age where companies are increasingly held responsible for their environmental and social impact, General Counsel (GC) must play an integral role in shaping corporate purpose and ensuring effective oversight.
July 27, 2021 at 12:19 PM
7 minute read
Lessons in LeadershipIn an age where companies are increasingly held responsible for their environmental and social impact, General Counsel (GC) must play an integral role in shaping corporate purpose and ensuring effective oversight.
Companies today are increasingly accountable for their environmental and social impact with scrutiny coming from a range of stakeholders including investors, consumers, governments, and supply chain partners. In response, many CEOs have made public commitments toward enhancing long-term collective stakeholder value. While the meaning of "stakeholder value" is not always clear, two things are apparent: First, in times of rapid social change, the law is a necessary but insufficient guide to corporate behavior, and second, increased activism across stakeholder classes has significantly changed the relative influence of stakeholder groups in corporate decision making. Companies must integrate stakeholder feedback (from investors, employees, consumers, etc.) into board processes, corporate strategy, and company metrics.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllBeing Part of 'a Modern-Day Miracle': A Nonprofit's General Counsel Sees Purpose
6 minute readWhy the GC of Australian Pension Fund UniSuper Keeps More Work In-House
5 minute readInside Track: Would the Thrill of Lawyering for Elon Musk Outweigh the Baggage It Comes With?
Trending Stories
- 1Considerations for Establishing or Denying a Texas Partnership to Invest in Real Estate
- 2In-House AI Adoption Stalls Despite Rising Business Pressures
- 3Texas Asks Trump DOJ to Reject Housing Enforcement
- 4Ideas We Should Borrow: A Legislative Wishlist for NJ Trusts and Estates
- 5Canadian Private Equity Firms Are Eyeing Tech Sector
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250