Credit: BillionPhotos.com – stock.adobe.com More Legal Chiefs Are Leading ESG; Many Others Want to Have Oversight
According to a new survey, 24% of legal chiefs are now more involved in handling ESG and CSR, up from 15% in 2020, when it started becoming more common in the CLO portfolio.
February 08, 2022 at 05:11 PM
3 minute read
General Counsel and In House Counsel
The number of legal chiefs overseeing ESG and corporate social responsibility has increased, but many legal chiefs still don't have oversight but think they should, a recent report issued by the Association of Corporate Counsel shows.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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