The primary duties of In-House Counsel are to always put the interest of the corporation first in all matters, and to ensure that good corporate governance is practiced by each entity to protect the corporate veil from each entity. Below are more roles and responsibilities of an In-House Counsel for a publicly traded company in the U.S.
- Ensuring that Board members have the proper advice and resources for discharging their fiduciary duties to shareholders
- Managing board and committee meeting logistics, attending and recording board meetings, and facilitating board communications
- Applying effective risk management techniques and offering proactive advice on possible legal issues
- To act as a resource to the Board and senior management,
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- Responsible for writing, negotiating, executing, and advising on contracts and agreements on behalf of the company, including the legal liabilities that may be associated
- Responsible for researching and recommending existing and new legislation, anticipating future legislation and keeping the Board and senior management informed on policy issues and new developments that could impact the