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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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As more pressure is exerted upon organisations to demonstrate good governance across their entire operation, increasingly boards of directors are expected to possess far greater knowledge and understanding of the organisation’s business and its supply chain. For directors to naively believe that their collegial friendships at board level, or their business connections will “make the grade” is simply not good enough, neither acceptable.

In today’s times boards are under constant and intense scrutiny, especially since informed stakeholders and various activists have far greater access to an organisation’s information and which could be used against them. In addition, disgruntled employees are now much better equipped to pervasively communicate the organisation’s dirty secrets, and therefore directors really do need to be on “top of their game” if they intend keeping their board positions, as well as keeping themselves out of trouble.

The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.
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