General Legal Counsel Roles in Corporate Governance
It is nearly inevitable that every business will require legal advice and assistance to manage its operations. For this reason, it is helpful to consistently work with a general legal counsel so legal advice is instantly accessible to you from a trustworthy source. It is important to note, however, that in-house general counsel or outside general counsel’s responsibilities do not stop at legal advice. In fact, outside general counsel can play a large role in a company’s corporate governance.
What is the definition of corporate governance?
The term corporate governance is an umbrella term for the business strategies and plans that will help the company grow and prosper sustainably while increasing shareholder value but also keeping the best interest of employees, customers, and suppliers in mind. The goal of corporate governance is to hold a company’s executive team or board of directors accountable.
What does a general counsel do pertaining to corporate governance?
A general counsel’s role with the board of directors ensures that all actions taken within the executive group will be legal and ethical. While performing similar roles of an in-house legal team at a less expensive rate with a less biased perspective, an outside corporate governance counsel manages board and shareholder resolutions, consents, directors’ meetings, shareholder meetings, and minutes. Additionally, outside corporate governance counsel counsels officers and directors on fiduciary and strategic considerations. These general counsel roles are all based on the company’s core values and beliefs, which the legal counsel will assist the board in establishing legally and ethically.
At The Saade Law Firm, P.A., our team of experienced attorneys will provide your company with skill and experience pertaining to corporate governance. With ethics and integrity at the heart of our practices, we will ensure trustworthy management and negotiation of all corporate transactions while also administering legal advice whenever necessary. As an outside general legal counsel, The Saade Law Firm, P.A. can provide expertise, experience, and passion to any company at a fraction of the cost of an in-house legal team. To learn more about outside law firm governance and legal advice, or to see if The Saade Law Firm, P.A. can assist with outside legal counsel services, please call our office at (786) 633-1114.