NACD has witnessed the evolution of the scope and stature of the role of general counsel in recent years. Once seen solely as legal advisors, general counsel are now regularly called upon to provide the board with an objective opinion about the company's strategy based on their legal and ethical training. Almost 70% of NACD's full board memberships have a general counsel on their board roster. As part of our continuing goal of equipping boards with the information they need to create long-term value for businesses, NACD is launching a brand new initiative: The Strategic-Asset GC.
The Strategic-Asset GC initiative recognizes the unique position general counsel hold relative to their boards of directors and provides a unique view of how today's general counsel help shape strategy in the boardroom.
This NACD effort will provide general counsel unique insights from directors, subject-matter experts, and fellow general counsel to help identify effective strategies for continued partnership with the board. The Strategic-Asset GC initiative will include a quarterly webinar series, a peer-to-peer event, and GC-specific resources.