How to create an effective partnership
Connecting the general counsel and the board
Over the past few years, the role of the general counsel has grown in both scope and stature. Once seen purely as legal advisors, many general counsel now spend much of their time serving as strategic advisors, regularly providing strategic direction to the CEO and to the board of directors. General counsel should recognize that directors’ expectations of them go beyond their traditional legal role and that their unique legal and ethical perspective strengthens their ability to help mitigate organizational risk.
This guide details the first joint meeting of the NACD Compensation Committee Chair Advisory Council and the NACD Risk Oversight Advisory Council and reviews the three main indicators of an effective partnership between the general counsel and the board:
- aligned role expectations
- open and direct communication
- enhanced dialogue on risk oversight
The full-meeting detail publication is available exclusively to NACD members, but you are invited to download a complimentary copy of the publication.