General counsel
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A general counsel is the chief lawyer of a legal department, usually in a corporation or government department. The term is most used in the United States. The status and prominence of the general counsel has grown much over the past 10 years as is evidenced by the large number of lawyers who come into the role from private practice.
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[edit] United Kingdom
[edit] GC100
In the United Kingdom a group of general counsel, called the GC100, was officially launched on 9 March 2005 and brings together the senior legal officers of more than eighty five FTSE 100 companies. The GC100 group was created in response to the increasing volume and complexity of domestic and international law and regulation which impacts on UK listed companies. The group was formed with the support of Practical Law Company which acts as its secretariat.[1]
The main objectives of the GC100 are to:
- Provide a forum for practical and business focused input on key areas of legislative and policy reform common to UK listed companies.
- Enable members to share best practice in relation to law, risk management, compliance and other areas of common interest.
Membership of the GC100 is by invitation only. At the AGM on the 16 January 2007 members voted in favour of extending membership to company secretaries as well as general counsel in the FTSE 100. The formal name of the GC100 is now "The Association of General Counsel and Company Secretaries of the FTSE100", although it will continue to be known as the GC100.
Mark Harding, the first chair of the GC100 has stated that the GC100 is not a campaigning body, although they work closely with the FD100 (a similar grouping of blue chip finance directors).[2]
[edit] See also
[edit] References
- ^ "The GC100 Group", Practical Law (2005-02-25). Retrieved on 25 January 2008.
- ^ "Corporate Counsel: High-profile but low-key - has GC100 lived up to its promise?", legalweek.com (2008-01-24). Retrieved on 25 January 2008.
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