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SOX: Pushing legal department reorgs?

Rees Morrison begs to differ with a general counsel friend that Sarbanes-Oxley requirements are forcing widespread reorgs of corporate law departments.

Are corporate boards truly "taking a keener interest in the effectiveness of the law department"? Morrison doesn't think so. He writes:

"Increased board involvement with the law department has some plausibility, but my hunch is that it may be talked about more than acted on, if it is even talked about.  Boards care about the legal implications of major decisions to be made, and they care about material litigation, but as to the internal workings of the law department, they are probably unconcerned."

What's your experience? Morrison is open to comments here.

Posted by Product Team on March 14, 2005 at 01:30 PM | Permalink | Comments (0) | TrackBack (0)


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