GCs Prepare To Deal With Unwanted New Regs

Law360, New York (August 20, 2009, 12:30 PM EDT) -- General counsel are overwhelmingly opposed to a regulatory crackdown on such things as audit practices and executive pay, but they are prepping for that possibility anyway, according to a survey released Thursday.

The survey, conducted by Corporate Board Member magazine and FTI Consulting Inc., was answered by 240 general counsel and 294 directors at publicly traded companies.

According to the results, 76 percent of general counsel respondents said they did not favor a more robust regulatory regime and 65 percent said they did not believe increased...
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