What does general counsel do at a public company?

What does general counsel do at a public company?

A general counsel, sometimes called GC, chief legal officer, or corporate counsel, is a company’s main attorney and primary source of legal advice… The GC typically reports directly to the CEO, because his or her opinions are integral to business decisions.

Can General Counsel also be CEO?

A business-focused GC who understands the company’s strategy and effectively partners with senior management to drive that strategy is a powerful member of the executive team — and, perhaps one day, a CEO. It is no wonder that the GC’s office is increasingly considered a potential path to the CEO position.

What is a general counsel salary UK?

£110k. £178k. The average salary for a General Counsel is £110,045. £67k – £178k.

Is it legal counsel or council?

It is legal counsel, not council. Legal counsel is the correct way to say it because counsel means either the person doing the advising (such as an attorney) or the advice itself. A legal counsel or a counselor, for example, is a person who gives advice and deals with various issues, particularly in legal matters.

Should general counsel report to CEO?

For example in 91 percent of those companies, general counsel report to the CEO. In 83 percent, general counsel serve as the corporate secretary, indicating direct access to the board, and in 83 percent of those companies, general counsel are also responsible for compliance.

Is general counsel in C-suite?

Successful placements include chief legal officers and general counsel across the nation, as well as positions across the C-Suite — CEOs, Chief Operating Officers, CHRO, Chief Financial Officers, CMO, vice presidents sales and marketing, and other director-level leadership roles.

What is the plural of General Counsel?

You say “many general counsels,” I say “many general counsel” (and no one says “many generals counsel”) — Law Department Management Blog — March 22, 2006.

Should GC report to CFO?

The CEO has an extremely difficult personality so the GC needs a buffer, which is best served by the CFO. The CEO already has too many direct reports and doesn’t want another at this point in time. The CFO is a more active manager and would be more effective in maintaining a stronger relationship with the GC.

What makes a good GC?

A good GC should enable and empower – I see my role as being to enable and empower my teams, and I deliver through them. Personally, I think a good GC also cares about their colleagues and is focused on welfare and engagement.

How senior is general counsel?

General Counsel (GC) is almost always the most senior person on the legal team. The post holder is most likely to be a board member or if not, will represent the legal department at board meetings and deal with the board/C-suite as required.

How much does a general counsel make in NYC?

The average pay for a GC is $408,000, including base salary and bonuses. 63 percent are age 35-54 and 29 percent are 55 and over. Notably, 8 percent are under 34. 3 percent of GCs have master’s degrees in business administration.

Should HR report to general counsel?

Where HR reports is an indicator of how the organization sees the HR function. For example, reporting to the general counsel likely indicates that HR is valued highly for its role in legal and regulatory compliance.