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19
Apr

Role of Counsel in Supporting the Board of Directors

This post includes a summary of the role of counsel in supporting the board of directors and should be required reader for directors and senior executives as they evaluate the activities of the general counsel and outside law firms.  In fact, it is recommended that the board include an assessment of the performance of its legal advisors as part of the board's own annual report card process. 

12
Apr

Related Party Transaction Policy & Procedures

This post includes an example of a related party transaction policy and procedures for review of potential conflicts of interest involving directors, officers, major shareholders and parties related to them.  While this type of policy is obligatory for public companies it is also recommended for any firm that may engage in transactions that might create actual or potential conflicts of interest between the corporation and any of its key stakeholders.