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https://www.bclplaw.com/en-US/insights/when-directors-and-officers-are-sued-how-exculpation.html#:~:text=As%20a%20claim%20against%20a%20director%20or%20officer,as%20they%20are%20incurred%20by%20directors%20and%20officers.
https://www.raymondcapaldi.com.au/s-corporate-office/should-the-corporation-pay-for-the-officers-counsel.html
Jun 18, 2018 · As a claim against a director or officer can linger for years, the ability to retain and pay legal counsel is important to a vigorous and successful defense. Companies often want their articles and bylaws to allow the company to step in to provide payment (or reimbursement) of such expenses as they are incurred by directors and officers.
https://www.stimmel-law.com/en/articles/corporate-counsels-role-if-there-dispute-within-corporation
A corporation or limited liability company is a legal entity and from the legal point of view operates as any other person before the law. It can sign contracts, engage in business, sue and be sued and pays taxes as if it were a human being. The entity is as legally real as any other individual. Indeed, the Supreme Court recently ruled that the ...
https://www.jdsupra.com/legalnews/when-does-a-corporate-officer-or-employe-47268/
This issue comes up in one significant way when corporate investigators deal with officers and employees who are suspected of wrongdoing. Outside counsel are retained by the company to conduct an ...
https://sites.law.berkeley.edu/thenetwork/2013/08/19/the-conflict-of-interest-inherent-in-a-corporation-paying-for-its-employees-counsel-a-better-model-for-preventing-and-addressing-corporate-crime/
Cumis counsel, so named after the California Court of Appeal case in which the court ruled that such special counsel were necessary, are paid for by insurance companies, but must represent the individual employee’s interest when the employee’s interest conflicts with the interest of the insurance company—or, in the case of a corporate business prosecution—with …
https://blog.volkovlaw.com/2013/01/when-does-a-corporate-officer-or-employee-need-separate-counsel/
Company counsel cannot represent any of the individual board members, officers or employees without creating a significant risk. If a conflict develops where the interests of the individual are adverse to the company, counsel may have to withdraw from representing both the company and the individual. Investigating counsel is required to inform ...
https://www.capartners.com/cap-thinking/pay-ratio-revisited-ceo-vs-coo-cfo-general-counsel/
At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00. At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00. CAP also analyzed the S&P 500 senior executive pay ratios by industry.
https://axislc.com/public/is-an-officer-of-a-corporation-an-employee/
The IRS generally wants to see business owners who provide services to their corporations being compensated as employees, i.e., through W-2 wages which are subject to payroll taxes. So, what should be happening is that the corporation compensates its business owner for all services, including the services of acting as an officer for the corporation. The …
https://www.salary.com/research/salary/listing/corporate-counsel-salary
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Corporate Counsel in the United States. The base salary for Corporate Counsel ranges from $133,822 to $175,030 with the average base salary of $151,539. The total cash compensation, which includes base, and annual incentives, can vary anywhere …
https://www.americanbar.org/groups/professional_responsibility/publications/professional_lawyer/2016/volume-24-number-2/corporate_outside_counsel_policieswho_do_you_and_who_can_you_represent/
In response to the downturn of the economy and increased competition for corporate clients in the late 2000s, corporate clients developed “corporate outside counsel policies” to manage and trim fees for legal services. Over time, these policies have become increasingly comprehensive and restrictive. They now address a wide range of subjects, …
https://cowenpartners.com/what-is-the-average-salary-of-a-chief-legal-officer-or-general-counsel/
What is the Average General Counsel & Chief Legal Officer Salary? Payscale estimates the average General Counsel salary is around $166,438. In 2020, Corporate Counsel carried out a survey of the country’s best-paid general counsels. The survey took into account the base salary, cash bonus, and non equity incentives of these GCs.
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