The recently released Eastman Kodak independent counsel report has broad corporate governance relevance, well beyond the specific circumstances that confronted this company and subsequently prompted the internal review process.

Indeed, many of the report’s conclusions and recommendations emphasize the importance of robust governance policies and practices that are relevant to companies across the commercial spectrum. In that regard, the report serves to support the oft-referenced link between effective governance practices and legal compliance. As a result, it is worthwhile reading for the corporate general counsel.