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In-House Interrogatory

Asked: Our weekly question to the In-House community

In-house counsel need to be more involved in reviewing executive compensation, according to a new study by Skadden Arps Slate Meagher & Flom.

The reason, according to the study, is a spike in lawsuits against management and directors alleging that executives breached fiduciary duties when making compensation decisions.

The study recommends that general counsels review these compensation decisions beforehand in order to avoid new waves of litigation.

So here’s our question for you:

Should in-house counsel review executive compensation?

Leave a comment below or email me.

Need to Know:

  • Syracuse University named a new general counsel.
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  • President Barack Obama’s nomination for the new transportation chief, Anthony R. Foxx, was once deputy general counsel of DesignLine USA LLC.
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  • The U.S. Department of Treasury’s new general counsel was confirmed.

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