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A Guardian and A Guide: Schumpeter
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 403 no. 8779 (Apr. 2012)
,
page 66.
Topik:
Legal Counsel
;
Attorneys
;
Corporate Officers
;
Regulation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.71
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The power of in-house lawyers has grown hugely in the past ten years. The chief legal officer (CLO) is now one of the mightiest figures in the C-suite. The main reason is that the legal thicket has grown thicker. In America, the 2002 Sarbanes-Oxley act inserted federal law deep into corporate governance. The Dodd-Frank act of 2010 made running a financial business much more complicated. The penalties for rule-breaking have grown harsher, too. Bosses can go to jail for infractions hardly anyone understands. America's mighty prosecutors can indict a corporation, thus destroying it before any accusation is aired in court. The top lawyer is now part of the inner circle, and big firms are finding it worthwhile to build large and talented legal departments. Good lawyering can be good for business. A few CLOs become chief executives.
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