The role of the general counsel (GC) for a corporation varies slightly based upon such factors as the company's size, the type of industry and the region in which the company operates. Larger companies demand more from their GCs than smaller companies. Despite the differing factors, the overall expectation for the GC is to deliver the highest possible quality of legal services to the corporation.
Understanding the General Counsels' Responsibilities in the Boardroom
One of the main differences between a GC and a private attorney is that the GC only has one client - the corporation. The following is a list of 10 responsibilities of the general counsel in the boardroom:-
The Corporation as a Client
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Corporate Compliance and Security
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Record Retention and Management
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Reporting Structure
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Internal Legal Department Structure
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Controlling Legal Spending
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Risk Identification and Assessment
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Crisis Management
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Litigation
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Outside Counsel Management