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This week's must-read stories about corporate counsel and in-house operations
Sunday, April 17, 2022 - Volume 3 No. 68
AI and the Corporate Board's Duty of Care
The CorporateCounsel.net recently added a new practice area to the site, Artificial Intelligence -- calling it "the next corporate governance frontier." The editors also flagged a helpful five-page memo from Debevoise explaining the importance of getting your arms around AI if you’re advising boards. Here's the introduction to the memo:
"As more businesses adopt AI, directors on many corporate boards are starting to consider their oversight obligations," noting that their interest is rooted, at least in part, by the increasing focus on ESG issues. "There is a growing recognition that, for all its promise, AI can present some serious risks to society, including invasion of privacy, carbon emissions, and perpetuation of discrimination, " the memo continues. "But there is also a more traditional basis for the recent interest of corporate directors in AI: as algorithmic decision-making becomes part of many core business functions, it creates the kind of enterprise risks which board need to pay attention."
Check out the entire memo below for an outline of current regulatory considerations, how Caremark claims could play out in this area, and suggestions from the Debevoise team on what boards need to be thinking about.
Legal diversity 101: How to launch a D&I program that lasts , SimpleLegal Blog, April 15, 2022
SimpleLegal fuels strong growth in 2021 with customer focus and product innovation , SimpleLegal Blog, April 15, 2022
What are alternative legal service providers? , SimpleLegal Blog, April 15, 2022
It's time to get back to basics with preventing healthcare-associated infections , ELM Solutions: Expert Insights, April 15, 2022
Data Security in Tax Preparation: Why a Cloud Based Virtual Tax Office Is More Productive and Secure , ELM Solutions: Expert Insights, April 15, 2022
Supply Chain Uncertainty: A fundamental challenge for supply chain planners , ELM Solutions: Expert Insights, April 15, 2022
How much do you know about service of process and registered agents? , ELM Solutions: Expert Insights, April 15, 2022
The 2021 Real Rate Report uncovers current legal spend drivers , ELM Solutions: Expert Insights, April 15, 2022
Best Practices for Creating and Approving Meeting Minutes , Govenda by BoardBookit, April 15, 2022
How To Write Contracts That Help You Survive A Data Breach , Linksquares Blog, April 15, 2022
State of the UK Legal Market 2022: How UK law firms can thrive in a post-Brexit, post-pandemic world , Thomson Reuters Institute, April 15, 2022
eDiscovery Deep Dive: 6 Key Questions for Opposing Party Productions , Consilio, April 15, 2022
Help Elevate Rise to the Challenge! (via Passle) , Elevate Services Blog, April 15, 2022
Stretch Beyond, Together at LMA 2022 (via Passle) , Elevate Services Blog, April 15, 2022
DFIN Celebrates 2022 IR Magazine Award Winners , eBrevia (a DFIN Company), April 15, 2022
The State of the Legal Operations Role in Legal Departments , ACC Docket, April 15, 2022
How to Do Less But Be Massively Productive , ACC Docket, April 15, 2022
SEP and SIMPLE IRA Plans: 2021 contribution reporting on IRS Form 5498 , ELM Solutions: Expert Insights, April 15, 2022
CLOC, DEI, and In-House Technology Adoption (via Passle) , Elevate Services Blog, April 14, 2022
New York’s Cannabis Industry Will Get 280E Tax Relief Under 2023 Budget , ELM Solutions: Expert Insights, April 14, 2022
M&A due diligence best practices: Ensure a smooth transaction with the right searches , ELM Solutions: Expert Insights, April 14, 2022
4 ways to improve in-house legal department efficiency , ELM Solutions: Expert Insights, April 14, 2022
Four key steps in end-to-end service of process (SOP) management , ELM Solutions: Expert Insights, April 14, 2022
Enforce Contract Data Archival and Retention Easily With CLM Software , CobbleStone Software (Exari): Blog, April 14, 2022
Sold on Salesforce Integration: Finding a Connected Commission Management Software , Mitratech: Press Releases, April 14, 2022
Artificial Intelligence: The Next Corporate Governance Frontier , CorporateCounsel.net Blog, April 14, 2022
Direct Listings Haven’t Lived Up To The Hype , CorporateCounsel.net Blog, April 14, 2022
Political Spending: Congress Restricts SEC Action (Again) , CorporateCounsel.net Blog, April 14, 2022
Legal workloads, headcount and outside counsel will all grow, say Chief Legal Officers , Apperio Content Hub, April 14, 2022
Thomson Reuters Acquires ThoughtTrace , ThoughtTrace Blog, April 14, 2022
Top Five Considerations for the New UK Standard Contractual Clauses (via Passle) , Elevate Services Blog, April 14, 2022
P&O chief's parliamentary testimony didn't have to be such a car crash , Global Legal Post: Corporate Counsel, April 14, 2022
GCs face increased pressure on sustainability issues, Lex Mundi study finds , Global Legal Post: Corporate Counsel, April 14, 2022
SEC signals landmark for US climate change regulation , Global Legal Post: Corporate Counsel, April 14, 2022
Consero Corporate Legal Operations Virtual Forum • May 2022 , Mitratech: Press Releases, April 14, 2022
Canada Law Firm Brand Index: Clients looking for practical, localized legal advice , Thomson Reuters Institute, April 14, 2022
Podcast: CLOC Conference 2022 — Finding the next generation of technology for legal ops , Thomson Reuters Institute: Corporate Law Departments, April 14, 2022
How Legal Teams Can Systematically Handle ESG Pressures from Investors (via Passle) , Elevate Services Blog, April 13, 2022
Invoice Review Will Bring Us Together (via Passle) , Elevate Services Blog, April 13, 2022
Legal outsourcing outlook 2022 , ELM Solutions: Expert Insights, April 13, 2022
Senate Considers Insider Trading Statute , CorporateCounsel.net Blog, April 13, 2022
SEC 10b5-1 & Insider Trading Proposal: Notable Comment Letters , CorporateCounsel.net Blog, April 13, 2022
SEC Buybacks Proposal: Notable Comment Letters , CorporateCounsel.net Blog, April 13, 2022
Contract Management Best Practices: Cost Savings , Linksquares Blog, April 13, 2022
Strong Legal Entity Management Practices Lead to Better Business , ACC Docket, April 13, 2022
The benefits of corporate seals and company seals , ELM Solutions: Expert Insights, April 13, 2022
Lourenco Miranda named Managing Director of Environmental, Social, Governance (“ESG”) and Sustainability Solutions at EisnerAmper , Corporate Counsel Business Journal: News, April 13, 2022
Expanding the definition of competence for the multigenerational workforce , Thomson Reuters Institute, April 13, 2022
“Double materiality”: New legal concept likely to play in debate over SEC's climate plan , Thomson Reuters Institute, April 13, 2022
Tom Bolt appointed Executive Vice President and Chief Risk Officer at AIG , Corporate Counsel Business Journal: News, April 13, 2022
Robert Oester appointed US Chief Compliance Officer at iM Global Partner Fund Management , Corporate Counsel Business Journal: News, April 13, 2022
Gibson Dunn Adds Two Private Equity Of Counsels in Houston , Corporate Counsel Business Journal: News, April 13, 2022
Data Privacy Partner Jonathan Ishee joins Health Sciences Department at Troutman Pepper , Corporate Counsel Business Journal: News, April 13, 2022
Neil C. Schur Joins Anderson Kill's Litigation Group as a Shareholder in Philadelphia , Corporate Counsel Business Journal: News, April 13, 2022
Arjun Kampani appointed General Counsel at Rocket Labs , Corporate Counsel Business Journal: News, April 13, 2022
Sebastian Ritz boosts employment law practice at Clifford Chance , Corporate Counsel Business Journal: News, April 13, 2022
Elizabeth K. Vonne named Executive Vice President, General Counsel and Corporate Secretary at Advanced Energy , Corporate Counsel Business Journal: News, April 13, 2022
DocuSign vs. Adobe Sign vs. HelloSign vs. PandaDoc vs. LinkSquares Sign , Linksquares Blog, April 12, 2022
Lack of progress on innovative pricing ‘deep rooted issue’ for legal profession, new research finds , Global Legal Post: Corporate Counsel, April 12, 2022
Top three trends driving auto lending in 2022 , ELM Solutions: Expert Insights, April 12, 2022
Four Benefits of Hiring Lawyers Through a Digital Platform , Axiom Law: Blog, April 12, 2022
Legal Reimagined: Rethinking Your Technology Approach , Mitratech: Press Releases, April 12, 2022
Women Struggle to Break Into M&A, and Diversity Lags Behind , Datasite (Merrill Corporation): Press Releases, April 12, 2022
Early Bird Registration! Our Proxy Disclosure & Executive Compensation Conferences , CorporateCounsel.net Blog, April 12, 2022
Our 1st Annual Practical ESG Conference: Sign Up Today! , CorporateCounsel.net Blog, April 12, 2022
Tomorrow’s Free DEI Workshop, From PracticalESG.com , CorporateCounsel.net Blog, April 12, 2022
Practice Innovations: The power of 360-degree feedback to enable greater lawyer retention , Thomson Reuters Institute, April 12, 2022
Audit challenges in 2022 and tax teams’ best approach , Thomson Reuters Institute, April 12, 2022
Five ways to smooth your next legal tech implementation , Apperio Content Hub, April 12, 2022
How to Reduce Your Contract Cycle Time? , Parley Pro Blog, April 12, 2022
Business Ethics: A Prescription for Avoiding Burnout , ACC Docket, April 12, 2022
A Deep(er) Dive into NetDocuments’ Government Contract Vehicles , NetDocuments Blog, April 12, 2022
Artificial Intelligence Is Key to Coping with Increased Regulation, Say Industry Experts at Legalweek , Luminance, April 12, 2022
Individual Retirement Accounts: 2021 contribution reporting on IRS Form 5498 , ELM Solutions: Expert Insights, April 12, 2022
Sold on Salesforce Integration: Finding A Connected Commission Management Software , Mitratech: Press Releases, April 12, 2022
Product Release Webinar: What’s New in CMO v18? , Mitratech: Press Releases, April 12, 2022
SRM Podcast , Duff and Phelps: Publications, April 12, 2022
Legal Tech Startup Spotlight: Prosperoware , Corporate Counsel Business Journal: Blog, April 12, 2022
How Enablon Supports the Sustainable Finance Disclosure Regulation , ELM Solutions: Expert Insights, April 11, 2022
ESG and DEI legislation: State corporate law responses , ELM Solutions: Expert Insights, April 11, 2022
What to Expect Under the New Corporate Sustainability Reporting Directive , ELM Solutions: Expert Insights, April 11, 2022
Lightico integrates Wolters Kluwer’s eVault compliance tech , ELM Solutions: Expert Insights, April 11, 2022
The Benefits of Real-Time Emissions Tracking , ELM Solutions: Expert Insights, April 11, 2022
CobbleStone Software Blog Recap for March 2022 , CobbleStone Software (Exari): Blog, April 11, 2022
Diversity: Number of Women in M&A on the Rise , Datasite (Merrill Corporation): Press Releases, April 11, 2022
Climate Disclosure: Canada Mandates TCFD for Banks , CorporateCounsel.net Blog, April 11, 2022
Tomorrow’s Webcast: “Parsing the SEC’s New ‘Climate Disclosure’ Proposal” , CorporateCounsel.net Blog, April 11, 2022
Transcript: “Shareholder Insights – 2022 Priorities” , CorporateCounsel.net Blog, April 11, 2022
Accelerate Your Contract Execution with LinkSquares Sign , Linksquares Blog, April 11, 2022
Crossing the Contract AI Chasm: The Barriers and Benefits , Malbek Blog, April 11, 2022
DocSolid Expands Leadership Team with IG and Records Expert, Cadis Stuart-Hodges, IGP CRM, as Senior Director of Services , DocSolid, April 11, 2022
Career Path: How Will You Be Remembered? , ACC Docket, April 11, 2022
Know Your Business: 7 Workplace Misconduct Risks , ACC Docket, April 11, 2022
Leading Law Departments: 2022 Privacy Trends: Pay Heed Now , Corporate Counsel Business Journal: Blog, April 11, 2022
Legal Tech Startup Spotlight: DISCO , Corporate Counsel Business Journal: Blog, April 11, 2022
Leading Law Departments: WFH? Watch the Gap , Corporate Counsel Business Journal: Blog, April 11, 2022
Legal Tech Startup Spotlight: Templafy , Corporate Counsel Business Journal: Blog, April 11, 2022
Leading Law Departments: Tone (Deaf) at the Top? , Corporate Counsel Business Journal: Blog, April 11, 2022
Leading Law Departments: Transform Contracts into Brand Experiences , Corporate Counsel Business Journal: Blog, April 11, 2022
Legal Tech Startup Spotlight: Litify , Corporate Counsel Business Journal: Blog, April 11, 2022
Elevating your FP&A strategies through unified CPM platform , ELM Solutions: Expert Insights, April 11, 2022
Starting a durable medical equipment business: 3 things to consider , ELM Solutions: Expert Insights, April 11, 2022
Women Dealmakers Gaining Ground, According to Datasite Survey , Datasite (Merrill Corporation): Press Releases, April 11, 2022
Could the legal industry be entering a long-term lawyer labor shortage? , Thomson Reuters Institute, April 10, 2022
What Is a Waiver of Notice for a Board Meeting? , BoardEffect Blog, April 9, 2022
How To Make Clients Happy , Inhouse Blog, April 9, 2022
In-House Counsel Jobs – Corporate Counsel Jobs , Inhouse Blog, April 9, 2022
Breaking down barriers to health by creating a culture of ‘service’ , ELM Solutions: Expert Insights, April 8, 2022
The benefits of corporate seals and company seals , ELM Solutions: Expert Insights, April 8, 2022
Office Companion for TyMetrix 360° streamlines legal operations , ELM Solutions: Expert Insights, April 8, 2022
San Jose, CA – April 07, 2022: The Corporate Legal Operations Consortium (“CLOC”), the leading organization dedicated to ... , Corporate Legal Ops Consortium: In The News, April 8, 2022
What Is a Non-Disclosure Agreement (NDA), and When Do You Need One? , Evisort Blog, April 8, 2022
How to Transition from In-house Counsel to Startup CEO , ACC Docket, April 8, 2022
Learn Your World: Brazil , ACC Docket, April 8, 2022
DFIN Partners with Blue SaaS Solutions to Help Companies Navigate Public Offerings , eBrevia (a DFIN Company), April 8, 2022
Cyber , Duff and Phelps: Publications, April 8, 2022
Fraud , Duff and Phelps: Publications, April 8, 2022
IRS Will Reject E-Filed Returns Without Required Forms 8962 , ELM Solutions: Expert Insights, April 8, 2022
What can be done differently in 2022 to improve your financial close process? , ELM Solutions: Expert Insights, April 8, 2022
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