Lawyers as Directors: Who Serves and Why?
Susan R. Martyn
University of Toledo - College of Law
1996 Symposium, The Professional Lawyer 107. Reprinted in THE LAWYER-DIRECTOR: IMPLICATIONS FOR INDEPENDENCE; REPORT OF THE TASK FORCE ON THE INDEPENDENT LAWYER (American Bar Association Section of Litigation 1998)
A survey returned by 800 lawyers indicates that few serve as board members of client companies. A majority of respondents do not favor a change in current ethics rules, which allow the practice with client informed consent. Lawyer service on non-profit client boards may be the only source of legal advice available. A model consent form calling attention to typical conflicts of interest is suggested.
Number of Pages in PDF File: 24
Keywords: Empirical Study, Lawyer-Directors, Trends, Non-profit Boards, Conflict of Interest, Informed ConsentAccepted Paper Series
Date posted: July 11, 2008 ; Last revised: May 11, 2012
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