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Do in-house roles have conflicts checks?
Recently moved in-house and struggling with how to document my contributions (keep a “brag list” if you will) for purposes of review season and eventual bonus/promotion/raise discussions. At a firm it was fairly easy to point to high billables, high profile deals, praise from particular partners or clients. Now I’m struggling because my work is so….day to day. Mostly negotiating typical sales contracts. Very few opportunities for visibility or high profile contributions if that makes sense.
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I’m a public company CLO (F500, corporate legal team of three lawyers plus two senior paralegals - total team ~120 - I was previously a corporate AGC in a F50) you can absolutely pick up the day to day compliance and secretarial requirements if you have corporate experience in DE - you’ll use external counsel for complicated/stuff you don’t do every day anyway - as you should- the risks of getting it wrong isn’t worth it and any mature board will likely require it.
Thank you so much! This is great to hear.
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I actually enjoyed that work -although quite frankly people don’t appreciate how important it is. For smaller companies it is most routine and often outsourced. Large companies do it in house and involves a lot of collaboration and teamwork and a lots of drafting and meetings. When we actually had real shareholders meetings, it was quite fun. I like it because you get to get a bird’s eye view of the business.
You can pick up this area but you will need to know the SEC rules/regulations, (DE) corporate law as well as the exchange rules. Knowledge of accounting helps too. It would definitely help to learn from a senior attorney in this area as there are a lot of nuances that just comes from experience (as in any other area of the law)
This is super helpful, thank you!!
I wear the Corporate Secretary hat at my public company. I enjoy it but it makes up perhaps 15-20% of my job. A lot of the technical work (e.g., reviewing SEC regs, first drafts of the proxy) is handled by our corporate relationship firm. A lot of firms offer routine SEC/governance work for a flat fee as a loss leader.
I personally am more of a technology counsel type and probably wouldn’t enjoy a role solely devoted to being a Corporate Secretary. FWIW.
Thank you so much!!!
Having worked at public and private companies… I will never go back to a public company.