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Time for independent lawyers for directors?
Posted on August 28, 2008
These days, directors are on the hot seat like never before. The stakes are high for the company, the board as a group and for directors personally. So more are opting for independent counsel, as general corporate counsel at times may face some conflicts. Directorship suggests that companies should ensure that all directors have such counsel available to them. This has emerged as a best-practice. Sarbanes-Oxley requires that companies authorize ...
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audit committees , directorship , independent counsel , independent lawyers 