The inside counsel revolution : resolving the partner-guardian tension / Ben W. Heineman, Jr.

Format:

Book

Author/Creator:

Heineman, Benjamin W., author.

Language:

English

Subjects (All):

Corporate lawyers--United States.

Corporate lawyers.

Physical Description:

1 online resource (336 p.)

Place of Publication:

Chicago, Illinois : American Bar Association, 2016.

Language Note:

English

Summary:

In the past 25 years, there has been a revolution in the legal profession. General Counsel and other inside lawyers have risen in quality, responsibility, power and status. Once second class citizens in corporations and the legal profession, they have become core members of top corporate management, equaling in importance the Chief Financial Officer and the finance function. Benjamin W. Heineman, Jr. has led that revolution in his nearly 20 years as the top lawyer at GE. In this analytic and prescriptive book, he describes the essence of that transformation and the modern role of inside counse

Contents:

Title Page; Copyright; Dedication; Contents; Part One: The General Counsel as Partner and Guardian; Chapter 1 Introduction: The Inside Counsel Revolution; A. Transformation; B. Credit Where Credit Is Due; C. Causes: A Schematic View; D. The Prescriptive Perspective; E. Core Concepts and Key Issues; Chapter 2 The Lawyer-Statesman Ideal; A. Overview: Is It Legal? Is It Right?; B. Historical Traditions; C. Outstanding Expert, Wise Counselor, and Accountable Leader; D. "Complementary" Competencies: Beyond the "Core"; E. Analysis before Recommendation; F. Analysis before Advocacy

G. An Important Conscience of the CorporationChapter 3 Partner-Guardian Realities; A. The Tension; B. The Fusion; C. The Obstacles; D. The General Counsel's Character, Reputation, and Identity; E. Protecting Other Inside Counsel; F. Alliance with Other Staff Functions; G. The Board of Directors; H. The CEO; I. Dealing Directly with CEO Risk; Chapter 4 The Cultural Imperative; A. Primacy; B. The Pressures That Corrupt; C. Imposing Discipline; D. Letting Employees Speak-and Then Listening; E. An Integrity "Learning Culture"; F. Financial Rewards; G. Assessing Culture; Part Two: Key Issues

Chapter 5 Compliance and Legal Hazard: The EssenceA. Complexity; B. Regulatory Trends; C. Determining What Is the Law; D. The CEO as Chief Compliance Officer; E. Prevent, Detect, and Respond; F. Deals; G. Value of a Good Compliance System: Morgan Stanley; H. Value of a Good Response to Compliance Disaster: Siemens; I. GC, CFO, and Chief Compliance Officer: Function Not Form; J. People and Resources: Platinum, Gold, Silver, Bronze-or Nickel; Chapter 6 Ethics: The Complexity; A. Identifying Ethical Issues; B. Setting Ethical Standards; C. Challenges in Global Supply Chains

D. Conflict between Global Standards and National LawE. Ethical Problems When There Is No National Enforcement; F. Exiting Rogue States; G. Cost: Small and Medium-Sized Companies; H. Values; Chapter 7 Risk and Crisis Management; A. Scope; B. Organizational Principles; C. Framework Questions; D. Catastrophic Events and Crisis Management; E. Fukushima: Debating Disaster; F. BP and the Gulf: "Exhibit A" for Catastrophic Costs of Failure; G. A Comment on Geopolitical, Terrorism, and Cyber Risk; H. The Need for Specialized Knowledge; Chapter 8 Governance: The Board Relationship

A. The Three Dimensions of GovernanceB. The Framework of Formal Rules; C. The Six Essential Tasks of Board-Management Leadership; D. Special Problem: Executive Compensation; E. Board Independence and Leadership; F. Shareholders: Stewards and Activists; Chapter 9 Citizenship and the Primacy of Public Policy; A. Philanthropy; B. Business Activities; C. Collective Action: Anticorruption; D. Public Policy; E. Reporting; F. Reputation; Part Three: The Global Legal Organization in the Future; Chapter 10 Leading the Law Department; A. Mission; B. Hire the Best; C. Delegation

D. Accountability: Centralized or Decentralized Model

Notes:

Description based on print version record.

Description based on online resource; title from PDF title page (EBook Central, viewed July 3, 2024).

Includes index.

ISBN:

1-63425-280-2

OCLC:

936687724