Cover Page -- Title Page -- Copyright Page -- Contents -- About the Authors -- Acknowledgments -- Foreword by Ben W. Heineman, Jr. -- Foreword by Ira M. Millstein -- Preface -- Introduction -- Who Is "The" Chief Legal Officer? -- Who Is the Intended Audience? -- 1. The General Counsels Challenges in the New Reality -- A. The Landscape -- B. Key Characteristics of the General Counsel Position -- 1. The "Interesting" Aspect -- 2. The "Multifaceted" Aspect -- 3. The "Lonely" Aspect -- 4. The "Perilous" Aspect -- C. Dealing with the New Reality -- 1. New Laws and Prescriptive Regulatory Attitudes -- 2. The Dodd-Frank Act of 2010 and Its Impact on Corporate Governance -- 3. Whistleblower Incentives and Protection -- a. Incentives -- b. Protection from Retaliation -- c. Expansions of the Sarbanes-Oxley Act -- d. Implications of the Whistleblower Provisions -- 4. New Challenges Beyond the Horizon -- D. Key Takeaways for the General Counsels Challenges in the New Reality -- 2. Evolution of the Role of General Counsel -- A. Historical Perspective -- B. Modern Reality -- C. Key Takeaways on the Evolution of the Role of General Counsel -- 3. The General Counsel on the Balance Beam -- A. The Many Hats Worn by the Modern General Counsel -- B. The Lonely Middle: Relationships with Senior Management and the Board -- 1. Independence and Courage -- 2. Hiring, Firing, and Reporting Lines -- 3. Financial Dependence on a Single Client -- 4. Partnering with the Management Team -- a. The CLO's Relationships with Senior Management -- b. The General Counsel as Business Partner -- 5. Bridging the Gap: The General Counsel and the Board -- a. The CLO's Relationships with the Board and Board Committees -- b. Director Confidentiality and Candor -- c. Minutes, Records, and Notes -- i. Board and Committee Minutes -- ii. Director Notes.

d. Crossing the Bridge: The General Counsel as Director -- C. Other Relationships -- 1. Relationships with Investors -- 2. Government Relations -- 3. Media Relations -- D. Key Takeaways for the General Counsel on the Balance Beam -- 4. The General Counsel Leading the Charge -- A. Establishing and Maintaining a Legal and Ethical Culture -- B. Ethics and Professional Conduct Rules Governing In-House Counsel -- 1. State Rules of Professional Conduct -- 2. SEC Rules for Lawyers Involved in Public Company Filings -- C. Demonstrating Openness and Community Involvement -- 1. Corporate Citizenship -- 2. Diversity -- 3. Pro Bono -- D. Key Takeaways for the General Counsel in Leading the Ethical Charge -- 5. Advising the Board on Corporate Law and Other Laws -- A. Corporate Law and Corporate Governance Under State Law -- 1. Introduction -- 2. Overview of Fiduciary Duty -- 3. Standards of Conduct and Standards of Liability -- 4. The Business Judgment Rule -- 5. Enhanced Scrutiny -- B. The CLO's Advice on Other Laws and Issues -- 1. Other Laws -- 2. Other Issues -- a. Compliance -- b. Risk Assessment and Management -- c. Crisis Preparation, Management, and Internal Investigation -- C. Key Takeaways for the General Counsel in Advising on Corporate Law and Other Issues -- 6. Managing the Legal Department -- A. Need for Adequate Resources -- B. Compartmentalization and Decentralization -- C. Global Challenges -- D. Working Within the Law Department Budget -- 1. Keeping Work In-House -- 2. ManagingOutside Costs -- a. New Fee Structure Models -- i. Convergence -- ii. Alternative Fee Arrangements -- b. Outsourcing and Offshoring -- 3. Increasing Recoveries -- 4. Litigation Financing -- E. Choosing Outside Counsel -- F. Key Takeaways for the General Counsel in Managing the Legal Department.

7. The General Counsel in the Crosshairs: Exposure to Sanctions, Prosecution, and Liability -- A. Conceptualizing the Role: The General Counsel as Advocate, Gatekeeper, or Persuasive Counselor -- B. Reporting up and Reporting out -- C. Understanding the Risks: Types of Liability Exposure Confronting In-House Counsel -- 1. SEC Enforcement -- 2. Prosecution -- 3. Fiduciary Duty Liability -- D. Key Takeaways for Mitigating the Risk of Liability and Sanctions -- Conclusion -- Appendix A Table of Contents of The Corporate Director's Guidebook (6th ed. 2011) -- APPENDIX B Table of Contents of Stephen A. Radin, The Business Judgment Rule (6th ed. 2009) -- Index -- Footnotes -- Preface: Notes -- Introduction: Notes -- Ch01: Notes -- Ch02: Notes -- Ch03: Notes -- Ch04: Notes -- Ch05: Notes -- Ch06: Notes -- Ch07: Notes -- Appa: Notes -- Appb: Notes.

Indispensable Counsel: The Chief Legal Officer in the New Reality provides readers with the foundations of corporate representation followed by practical guidelines on how the multiple roles of General Counsel are, or should be, resolved, with best practices as the goal.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.