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Ethics: It's Not Just for Lawyers Anymore
Last month's multi-million dollar settlements by the individual directors of Enron and WorldCom no doubt will exacerbate anxieties already being felt by corporate directors and increase instances of questions such as:
- Is it safe to be a director of a public company?
- What should I be concerned about when joining a board?
- What can I do to protect myself as a director?
The answer to question one is an unqualified “yes.” In order to get that unqualified answer and in response to questions two and three, however, the mandate to directors is “do your job.” Sounds simplistic, but before you stop reading, those of you who were fans of the show L.A. Law should reflect on the first episode. In that tale, one of the firm's senior partners died at work in his corner office. Putting aside the ensuing struggle among the remaining partners over who would succeed to the office, consider what was said about the departed partner at his funeral: “There is one word to symbolize this man — fiduciary.”
I am confident that many of us found this humorous at the time. Upon reflection, however, are we able to describe with that same term (ie, fiduciary) many of the players of recently failed companies (eg, Enron, WorldCom, Tyco, HealthSouth)? If we could, would many of the outcomes have been different?
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.