In the spotlight
The US federal securities watchdog certainly has teeth, as it has proved during George W Bush's presidency. It also has a growing appetite for pursuing general counsel, as a spate of investigations over the summer has shown. Sophie Evans reports
Not so long ago, it was virtually unheard of for a general counsel to be pursued by the authorities for alleged involvement in a company’s misdemeanours. But in a changed corporate climate in the US, in-house lawyers are no longer safe from investigations by the Securities and Exchange Commission (SEC). With greater visibility in a company’s executive structure, comes greater risk for general counsel.
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