Handout for March 7, 2024 CLE program "Should You Hire ChatGPT?" by ACC Chicago and Crowell.
Since the Enron and Arthur Andersen debacles, prosecutors have shifted toward deferring prosecution of companies and enhancing their scrutiny of officers, directors and professionals. Companies have become more willing to lay blame at the feet of in-house counsel and plaintiffs’ counsel are suing in-house counsel to increase the size of settlements and pit corporate insiders against each other. This program explored the personal liability risks that in-house counsel face in every day situations and provided the legal background so that in-house counsel can properly address those risks.
What does “litigation management” really mean? How do you do it? Are you supposed to be involved in every detail or merely outsource cases to outside counsel and receive status reports, or something in between? Does it matter what kind of case it is? How do you best advise your boss of the status of these cases? The panel discussed different methods and styles of litigation management, and guided attendees to determine which approach works best for them, their companies, and their cases.
Lawyers consume vast amounts of energy, paper, water and other natural resources, and we generate a large stream of waste products, all of which have a substantial impact on climate change and environmental quality. The solution to climate change and diminishing environmental quality not only includes global and national action, but also efforts by individuals, businesses and organizations — including the legal profession — to reduce environmental impacts. This session explored case studies of law firms and law departments “going green” and highlighted sustainability guidelines that have been developed by the ABA and various state bar associations.
Is a data theft or breach one of your company’s worst nightmares? Read the daily paper to see the serious ramifications that can occur under such a breach. What can and should you know about this subject matter and implement to help protect your client? This presentation provided a summary of the current state of the law (state and federal), a discussion of to whom the laws apply and the types of data that have to be protected, and a description of the technology that can be used to help compliance.
Shareholders are important stakeholders for every company and recent events have shown the risks a company faces in dealing with them. Shareholders are becoming more active and more aggressive, often using their influence to create short-term stock market gains rather than long-term value, or pursuing proxy fights based on their views of good corporate governance and good citizenship. Our expert panel discussed common approaches of shareholders; successful and unsuccessful responses to activist shareholders on a range of issues relating to conducting the annual meeting; proxy disclosure and solicitation issues; and the role of institutional shareholder services.
It is impossible to keep up with it all, but this session will help. Our panel of experts provided an update of the year’s most significant litigation and regulatory decisions affecting both private and public companies. What you don’t know CAN hurt you and your organization, so don’t overlook this information-packed session.
Companies, including those unrelated to electric industries, are involved in programs that involve the marketing, purchase and sale of renewable energy attributes or credits produced when “green” energy is generated. This program focused on the nature of these attributes, how these attributes intersect with carbon offsets, the legal issues encountered with such programs, and key terms of agreements used in transactions involving renewable energy attributes. Attendees learned the nature of green energy attributes and the types of issues that they will encounter when asked to become involved in their company’s efforts to “go green.”
The Pacific Rim includes many of the leading or emerging centers of trade including China, Japan, Taiwan, Australia and the United States. Our experienced international panel provided insight into trade in the Pacific Rim, with a focus on Australasian aspects, including an overview of recent developments in the region such as Free Trade Agreements and developments in competition laws. The panel also provided invaluable advice to corporate counsel on how business and legal relations are conducted in the region, including advising on aspects of local “custom” that can help you conclude your agreements and transactions more efficiently and with more successful outcomes.
Non-profits may secure significant long-term, low-cost funding through the issuance of tax-exempt bonds, but the process is technical and complex. This session covered the basics on the benefits and risks of such financing, as well as the process and possible pitfalls in successfully bringing a bond deal to closure, and being a key player in the bond process. Specific topics included IRS requirements, state law issues, applicability of certificate of need requirements, the bond application process, choosing a financial advisor, underwriter and other professionals, accounting and audit issues, and corporate and regulatory approvals.
Today, open source software is widely accepted as a key aspect of any company IT strategy, as well as a key factor in the business strategy of any technology company. It also challenges in-house counsel in new and unique ways. Traditional corporate practices are not effective in managing the use and procurement of open source. Companies need new policies and practices to allow them to take advantage of the benefits, while protecting against the risks. This panel addressed open source in very practical day-to-day terms—from managing the use and distribution of open source in IT and development organizations, to evaluating its impact on company patent strategies.
How can general counsel support the company’s corporate social responsibility initiatives, setting and communicating the tone-at-the-top, as well as facilitating practical implementation of CSR initiatives that benefit both your company’s image and bottom line? Open only to chief legal officers, the CLO Club was an interactive discussion that employed large and small group dialogue for sharing ideas on successful practices and advice on how to meet challenges.
Law Departments Adding Value: Structuring and Managing Outside Counsel Relationships and Beyond - Management Report
This ACC Law Department Executive Leaders session included discussion of organizational structure, staffing and work allocation, outsourcing services, global considerations, and professional development.
An overview of finance and accounting issues that in-house counsel may encounter. Includes guide to accountant's role and GAAP, basic financial statements and their importance, liquidity, leverage, corporate finance model, capital markets, corporate reporting and performance pressures, non-financial considerations, and a common sense approach to these issues.
This program outline addresses the following questions: What is a green lease? Why a green lease? How do you measure carbon/energy reduction and sustainability? How do you make a sustainable design/operation part of your leasing program? Other key green considerations are also covered.
Millions of people participate in social media networks, millions of dollars are spent on them, and these worlds will probably be the future of interactivity online for nearly all businesses. Companies are increasingly participating in these online social communities, but the risks and rewards are not always clear. This presentation will define and explain the significant social networks and who is participating in them, the various ways that corporations are playing and profiting, the new economies created, and the legal risks and business risks your company may face if it participates.
North American businesses face unprecedented uncertainty and economic challenges. At the same time, we anticipate the Obama administration will appoint aggressive new officials to oversee the antitrust enforcement machinery of the United States in the Department of Justice and the Federal Trade Commission. Canada too, has proposed sweeping changes to its framework competition laws. This panel will highlight these changes, and provide a survival guide for legal counsel in companies seeking to navigate these changes in both countries during these challenging economic times.
E-rulemaking illustrates how administrative practice is changing in the Information Age and how corporate counsel can take advantage of new agency electronic resources to significantly reduce outside legal costs. Over the past few years, the federal government has made great progress placing the federal regulatory process online. The United States Consumer Product Safety Commission's promulgation of rules mandated by Congress to implement the Consumer Product Safety Improvement Act of 2008 will be used as an example of how agencies use the Internet as the basic means for disseminating information on rulemaking and how corporate counsel can keep themselves apprised of even rapidly emerging agency action with a few moments online. Join this discussion and learn how you can cut your company's legal costs.
A lease generally contemplates a long-term relationship between a landlord and a tenant. But once the lease is executed, you have only completed the first step. This panel will discuss issues that can arise after the lease has been executed and how to deal with them in a practical manner. These issues can include questions relating to construction of the demised premises, handling requests for subordination, nondisturbance and attornment agreements and estoppel certificates, lease renewals, casualties, expanding space to accommodate future growth, payment and performance defaults, landlord defaults and a variety of other issues that arise long after the initial agreement is reached.
If your company is doing business outside the United States, you need to attend this session to be brought up-to-date on all applicable privacy laws. Many global organizations have had to change the way they handle personal information and privacy issues. Personal data that used to be considered public and obvious has since become a sensitive issue, both from a legal and PR perspective, and applicable laws are now being enforced with more rigor. How do businesses comply with their international obligations without losing their competitive edge, or endangering their business goals and positive image within the marketplace? How do they make privacy work for and not against the organization? These are among the challenging issues that this session will address.
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