So You Want to Join a Board? A Guide for Lawyers Seeking Board Positions
Summary
In recent years, U.S. companies have been facing ever-increasing compliance and regulatory requirements, which has led many of them to see more value in having lawyers in their boardroom. At the same time, corporate Board of Director positions have become increasingly appealing to many attorneys for a number of reasons, so a lot of lawyers have started to see more of their colleagues and peers appointed to these high-paying roles. Board work provides a unique opportunity for professional development with a time commitment that is significantly less than that of a full-time role, so in addition to being useful for career advancement, board positions can also serve as a significant source of supplemental income. While there are a lot of benefits to serving on a Board of Directors, there are also some risks. In addition, the process of getting appointed to these coveted positions can be overwhelming if you don’t know where to start, so we’ve created this guide for lawyers who are interested in exploring the possibility of seeking a board position.
In this Whitepaper
- The benefits and risks of joining a board
- The responsibilities of board members
- How to position yourself for appointment
Key Insights
- The traits that make a successful board member
- The limitations of privilege protection in a dual role
- The intersection of malpractice and D&O insurance
Summary
In recent years, U.S. companies have been facing ever-increasing compliance and regulatory requirements, which has led many of them to see more value in having lawyers in their boardroom. At the same time, corporate Board of Director positions have become increasingly appealing to many attorneys for a number of reasons, so a lot of lawyers have started to see more of their colleagues and peers appointed to these high-paying roles. Board work provides a unique opportunity for professional development with a time commitment that is significantly less than that of a full-time role, so in addition to being useful for career advancement, board positions can also serve as a significant source of supplemental income. While there are a lot of benefits to serving on a Board of Directors, there are also some risks. In addition, the process of getting appointed to these coveted positions can be overwhelming if you don’t know where to start, so we’ve created this guide for lawyers who are interested in exploring the possibility of seeking a board position.
In this Whitepaper
- The benefits and risks of joining a board
- The responsibilities of board members
- How to position yourself for appointment
Key Insights
- The traits that make a successful board member
- The limitations of privilege protection in a dual role
- The intersection of malpractice and D&O insurance