Extensive research is not required; the media reports of corporate scandals continue apace. The allegations include a wide range of wrongdoing — from the relatively recent options backdating to perennial instances of insider trading and accounting fraud. General counsel figure prominently in the governmental investigations and, more frequently these days, in the indictments and convictions or guilty pleas.
Learning from others’ mistakes is far less costly than learning from one’s own. Here are a few lessons that might keep in-house counsel from gaining first-hand experience under the gun or, worse, spending time in “Club Fed.”
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