While it is useful to examine your role with this framework, the delineation of tasks in the daily life of CLO life is not always so clearly segmented. Often, the top priorities of an OCOL include two or more faces. Here are the five most common priorities that lawyers identify for themselves: The content of the Website is provided for informational purposes only and does not constitute an offer, solicitation or recommendation to buy or sell securities or financial instruments, nor does it form the basis of any contract, commitment or decision of any kind. It does not replace the complete documentation of the collective investment scheme concerned. This content does not constitute a personalized assessment or investment recommendation, and the information contained therein should not be construed as financial, tax or legal advice of any kind. In the same way, the priority of “legal talent management” may appear as a simple priority of the operator. However, if the company has recently acquired talent through a merger, or if there is a significant strategic shift for the company or an evolution towards a more technology-driven legal department, talent management could be a strategic priority. It may even be a catalyst priority, for example if the talent plan is to help influence the global risk profile. All four faces exist simultaneously, and OCL`s ability to navigate each of them should be fluid. If any part of our Terms and Conditions is held to be illegal, invalid or otherwise unenforceable (including, but not limited to, provisions in which we exclude or limit our liability to you), these Terms will be severed to the extent of such illegality, invalidity or unenforceability and severed from the Terms and Conditions, and the enforceability of the remaining Terms and Conditions. remain in full force. Priorities often have components that touch more than one face.
For example, the priority of “aligning legal priorities and resources with corporate strategy” may include elements of the strategist`s role that understand (and potentially influence) the company`s strategy and its relationship to the legal department`s strategy. It can also address the role of the operator and implement processes and procedures for the legal team to help them adapt. It is rare for an OCOL to struggle to play the roles of catalyst and strategist because the role of Chief Legal Counsel is not given the appropriate platform or authority. In the rare cases where this happens, it may be wise to think of an exit plan. Operator: As an operator, you spend much of your time focusing on how to build a strong legal operations function and optimize the skills, talents, service levels, costs, and legal structures needed to better serve your trading partners. We are not authorised or permitted to engage in regulated activities (as defined in the CMSA) in Malaysia and none of the information or materials contained or provided on this website should be construed as advice of any kind (including financial, investment, tax or legal advice). The legal department is headed by the person responsible for the legal report to the CEO. The department consists of 5 lawyers, legal officer and legal secretary.
The four faces of the Chief Legal Officer were saved (ii) the original titles, links and a summary of the article were passed on to others. Applicable laws may require certain information or communications to be in writing. By using the Site, you agree that communications with Legal & General may be electronic. Legal & General may contact you by email or provide you with information by posting notices on this website. For contractual purposes, you agree to electronic means of communication and acknowledge that all contracts, notices, information and other communications that Legal & General sends to you electronically comply with any legal requirement that such communication be in writing. This provision does not affect your statutory rights. The role of today`s Chief Legal Officer is complex and requires much more than expertise in legal operations. To succeed, an OCOL must master and find the right balance between “four faces”: strategist, catalyst, goalkeeper and operator. Catalyst: A catalyst provides a competitive advantage by providing the legal perspective and critical advice needed to facilitate the management team`s ability to choose the right path forward and set the tone at the top of the company. How do OCLs manage their time so they can focus on the strategist and catalyst categories? By focusing on building a strong legal function and/or creating leverage in your legal department to manage the guardianship and operator functions.