Shareholder activism is a growing threat, and it concerns not just board members, institutional shareholders and outside counsel, but in-house counsel, too.

Bass, Berry & Sims corporate attorney Howard Lamar advises clients specifically on these issues, and he said that, while a public company general counsel doesn’t need to know the “nuts and bolts” details of handling an activist shareholder, they do need to know some simple corporate governance and management skills in case an activist comes their company’s way.