What is the Role of Legal Counsel in Corporate Governance?
In the realm of corporate governance, legal counsel advises on the responsibilities and duties of board members and senior executives. This includes:
1. Fiduciary Duties: Advising on the fiduciary duties of care, loyalty, and good faith. 2. Corporate Policies: Assisting in the development and implementation of corporate policies and procedures. 3. Ethical Standards: Ensuring that the company adheres to ethical standards and legal requirements.