Conflicts, Confidentiality, and Other Concerns: The Promise and Peril for Lawyers Serving on Corporate Boards
64 Rocky Mountain Mineral Law Institute 3 (2018)
26 Pages Posted: 11 Jul 2019
Date Written: July 15, 2018
Lawyers serve on corporate boards with ever-increasing frequency. Although bar associations have historically frowned on lawyer-directors serving on client boards, recent research indicates that even with the attendant conflicts, lawyer-directors often significantly increase firm value. This chapter reviews the ethics rules and discusses possible pitfalls as well as steps to reduce the risks associated with board service.
Keywords: corporate governance, corporate boards, ethics, professional responsibility, conflicts
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