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Corporate Counsel

In-House Attorneys Should Lead With Industry Experience When Applying for Board of Director Roles

"I went back to them to say, 'Let's look at all of the experience I've had with mergers and acquisitions, crisis management and risk management,'" said Maureen Brundage, a board member of MAPFRE USA and former general counsel of Chubb. "You need to be prepared to articulate and demonstrate the legal value you bring to the board."
3 minute read

Corporate Counsel

Innovative Legal Departments Want to Know 'What's Everybody Doing?'

Major, Lindsey & Africa hosted a webinar titled "The Digital Transformation Imperative" on Thursday that looked at some of the key motivators driving legal department innovations. Chief among them was a desire to find out how attorneys are spending their time and where outside spend is going.
3 minute read

New York Law Journal

'Deckard': Failure to Establish Stock Ownership Defeats S Corp Shareholder Treatment

In their Taxation column, David E. Kahen and Elliot Pisem examine how an irregularity in corporate form may invalidate an election and give rise to adverse consequences that become apparent only in the context of a tax audit years after the election was attempted.
8 minute read

Corporate Counsel

Investors Are Noticing Social Justice Benchmarks More in Corporate ESG Efforts

"We expect that the social part of [ESG] will be important through 2020 and into 2021," Paul Davies, a partner at Latham & Watkins, said. "Climate change will again increase in importance. But we're starting to see a better balance between the three than we ever have before."
4 minute read

New York Law Journal

Director Oversight Duty Claims

As derivative plaintiffs continue to seek to expand what constitutes mission critical corporate risk, these decisions provide practical guidance on how courts will: (i) identify the key compliance risks a company's business presents, and (ii) evaluate whether a particular company has implemented reasonable board-level monitoring and reporting procedures.
21 minute read

New York Law Journal

Another Look at the Impact of the Pandemic on Executive Pay

Joseph Bachelder's latest Executive Compensation column analyzes possible employer adjustments to such pay as a result of the COVID-19 pandemic.
7 minute read

Legaltech News

General Counsel's Needs May Be Driving the Future of Cybersecurity Solutions

General counsel and legal departments are taking on a leadership role with their organization's cybersecurity efforts, a trend that may already be causing vendors and solution providers in the space to more closely integrate privacy and information security.
4 minute read

New York Law Journal

Corporate Governance Update: The Broadening Basis for Business Judgment

The Securities and Exchange Commission recently revised the periodic disclosure requirements of Regulation S-K, the latest installment in the SEC's ongoing effort to improve the quality of public disclosures, write Corporate Governance columnists David A. Katz and Laura A. McIntosh.
9 minute read

International Edition

US Companies Face Compliance Dilemma as China Readies 'Unreliable Entity' List

After more than a year, China has finally published the legal provisions for its "Unreliable Entity List," which does not bode well for U.S. firms in particular, lawyers say.
5 minute read

New York Law Journal

SBRA Proves Critical in Wake of Hardship Caused by COVID-19

The Small Business Reorganization Act of 2019 went into effect just in the nick of time when small businesses struggling from the wake of the pandemic need debt relief more than ever.
8 minute read

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