A general counsel is the chief lawyer of a legal department, usually in a corporation or government department. A lawyer, according to Black's Law Dictionary, is "a person learned in the law as an attorney, Counsel or Solicitor; a person The term is most used in the United States. The United States of America —commonly referred to as the 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.
GC100
In the United Kingdom a group of general counsel, called the GC100, was officially launched on 9th March 2005 and brings together the senior legal officers of more than 85 FTSE100 companies. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The FTSE 100 Index (ˈfʊtsiː footsie, abbreviated Financial Times Stock Exchange Index) is a Share index of the 100 most highly capitalised 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. Practical Law Company (or PLC is a UK-based legal publishing company which provides legal know-how for business lawyers [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 Group AGM on the 16 January 2007 members voted in favour of extending membership to company secretaries as well as general counsel in the FTSE100. The formal name of the GC100 is , "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). A blue chip Stock is the stock of a well-established company having stable earnings and no extensive liabilities. [2]
See also
References
- ^ "The GC100 Group", Practical Law, 2005-02-25. A chief legal officer ( CLO) is the highest-ranking Corporate officer concerning legal affairs of a Corporation or agency Practical Law Company (or PLC is a UK-based legal publishing company which provides legal know-how for business lawyers Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 138 - The Emperor Hadrian adopts Antoninus Pius, effectively making him his successor Retrieved on 2008-01-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 41 - After a night of negotiation Claudius is accepted as Roman Emperor by the Senate
- ^ "Corporate Counsel: High-profile but low-key - has GC100 lived up to its promise?", legalweek. com, 2008-01-24. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 41 - Gaius Caesar (Caligula, known for his eccentricity and cruel Despotism, is Assassinated by his disgruntled Retrieved on 2008-01-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 41 - After a night of negotiation Claudius is accepted as Roman Emperor by the Senate
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