On The Job
General counsel at U.S. financial institutions this week began the arduous task of figuring out how to comply with the Volcker Rule, a complex rule that imposes new regulatory tasks on companies.
Ten years ago this month, the Securities and Exchange Commission adopted compliance rules for funds and advisers. The lessons they have provided over the last decade have implications for the provision of compliance services in any business setting.
Privacy compliance is increasingly a sticking point between targets and acquirers. Lawyers say they're seeing closes delayed, offering prices reduced and some transactions scuttled altogether over privacy risks.
Legal departments can earn more money than they spend by garnering tax savings or government grants. "It's simple, and anyone can do it," says Exel GC Mark Smolik.
With the rollout of the Affordable Care Act, the consolidation of hospitals and health care providers, and the growing diversity of the patient population, those at the helm of health care organizations may benefit from more diversity in the composition of their boards of directors.
The website may be fixed, but the corporate governance lessons arising from the rollout of Healthcare.gov keep on coming. And they provide timely, attention-grabbing and valuable teaching moments for corporate counsel with the board of directors.
For in-house counsel, being a better writer means those memos you send to C-suite colleagues and other corporate clients won't lead to confusion and explanatory follow-ups.
Increased demand by both government agencies and consumers for better cybersecurity standards will force companies in 2014 to take more decisive actions to protect against the legal, financial and public image risks, according to Kroll's third annual Cyber Security Forecast.
If legal departments at private companies think the Dodd-Frank Wall Street Reform and Consumer Protection Act can't apply to their affairs, they may want to get a second opinion.
Government regulations and health care and labor costs are the top financial concerns of chief executive officers of major companies, according to a Business Roundtable survey.
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