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Although bitter proxy contests for corporate directorships occasionally make headlines in financial newspapers that follow US corporations, it is the absence of proxy contests at most stockholder meetings that is attracting the attention of corporate governance activists. In the wake of Enron and other scandals that undermined confidence in the current system for managing corporations, activists are demanding that stockholders play a greater role in corporate governance. These activists have targeted the director election system as one vehicle for enhancing stockholder power over corporate affairs.
Once upon a time young overworked under-paid lawyers everywhere saw the in-house counsel role as a quality of life alternative that would solve all their woes and enable them to earn a good living without leaving the law altogether.
Six years after the introduction of the Sarbanes Oxley Act in the US, corporate governance remains on the agenda in boardrooms across the world. Boards and directors look to their outside legal counsel to provide them with guidance, advice and representation. Our research has identified 293 individuals from 43 countries who should be considered to be experts in this field.
Five years on from the Sarbanes-Oxley Act, its effects are still being felt in boardrooms across the US, and corporate governance remains high on the agenda. Outside counsel continue to provide clients with guidance, advice and representation, and our research has identified 18 individuals from 11 firms who have proven track records in this field, and can counsel corporations on issues arising in routine operations and in extraordinary transactions.
Although Singapore is not as stringently regulated a business environment as many countries, such as the United States, for example, corporate clients still need to call on external counsel for governance advice, both during transactions and generally during their everyday business. It is not really possible to specialise in this field to the exclusion of all others, and as such all the individuals in this section also appear in other chapters of the book, but the seven lawyers we feature in the following pages are proven experts and able to offer high-quality guidance to boards and directors.
The aftershocks of the Sarbanes Oxley Act are still being felt five years on from its enactment, and corporate governance remains high on the agenda in boardrooms across the world. Outside counsel continue to provide clients with advice and representation, and our research has identified 18 individuals from 13 firms who have proven track records, and can also counsel corporations on issues arising in routine operations and in extraordinary transactions.
Boards of directors at public companies often require advice from their outside counsel on sensitive matters relating to corporate disclosure, governance and policy issues, as well as dealing with new laws, regulations, stock exchange rules and governance principles. The lawyers in this chapter have proven track records in providing this advice, and will counsel corporations on issues arising in routine operations and in extraordinary transactions.
Corporate governance issues are still very much on the minds of directors and officers, and they continue to rely on the advice of their outside counsel to ensure compliance with the relevant regulations.
With the aftershocks of the Sarbanes-Oxley Act still being felt in boardrooms across America, governance issues continue to occupy the minds of company directors and officers.
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