Determining which documents to keep and which to destroy requires your company to perform a delicate balancing act. On the one hand, the company must
retain documents needed to satisfy its business operational requirements, as well as preserve documents relevant to any potential litigation. On the other hand, your company needs to hold down its costs for storing records. This balancing act becomes particularly complicated if your company is doing
business in Europe, where your company has to comply with a bewildering array of
retention requirements imposed by the various European governments.
With the continuing development of the Chinese socialist market economy, the expansion of the separation of regulatory and management functions of Chinese state-owned enterprises (hereinafter "Enterprises"), and the challenges and opportunities
presented by the further opening of the Chinese market following China's entry into the WTO, improving the overall management systems of Enterprises has become increasingly important.
Read more to see more guidelines on the establishment of a modern legal governance system in China.
How many times have you experienced the "quick look review"—you know, the one where you get to review a contract 25 minutes before the business people are set to sign it? You don’t want to be the company’s roadblock to revenue, but you need to ensure that your company does not enter into a contract loaded with real risk to the corporation. Read how you can win in this situation and other common, vexing contract negotiation situations.
The legal profession still has a long way to go toward building minority representation. The Corporate Legal Diversity Pipeline program gives attorneys a chance to increase diversity in the legal profession by reaching out to promising minority students while they're still in high school. Learn how you can get involved with minimal time and maximum impact.
Over the past four years, a stream of news reports has described SEC enforcement actions and criminal prosecutions of inside corporate lawyers. Many in the corporate bar have asked whether the news coverage is exaggerating the frequency of these actions, and if the frequency is real, whether any common factors prompted these proceedings. If the answer to these critical questions is "yes," then inside lawyers can take steps to reduce their risks.
The articles in this Out In Front include: Going Global: IT Systems Legal Health Check Part 2, Shoveling Smoke: The Flip Side of Client Relations, Business Ethics: Carrots & Sticks and Contractual Cogitator: The Sweet and Sour of a Deal in Steel.
Response to the request of the Securities and Exchange Commission (the "SEC" or the "Commission") for feedback regarding the experiences of registrants and others in implementing the new internal control requirements under Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX").
Don't pay big bucks to outside counsel for a corporate code of conduct. Use one of the many available in ACC's Virtual LibrarySM, like this one.
The author walks you through how the corporate attorney-client privilege is eroding in today's world of corporate transparency, discusses the effects of these changes on companies, and concludes with a call to arms.