The attorneys in Blank Rome’s diverse and multifaceted corporate governance practice routinely represent clients in an array of matters that range from dealing with shareholder activists initiating hostile takeovers to conducting corporate governance audits. Our ultimate goal is to enable our clients to achieve their strategic objectives while managing their risk exposure.
The main focus of our corporate governance practice is preventative—that is, making sure our clients avoid problem situations by following “best practices.” However, because industry “best practices” continuously evolve and vary depending on a company’s industry and size, we are constantly working to stay abreast of evolving trends in order to counsel our clients accordingly. Today, many companies are vulnerable to activist shareholders who file suit seeking representation on the board or to replace the entire board of directors. We work with clients on an individual basis to understand their corporate philosophy and culture, as well as their market position, to make recommendations as to how they can reduce their vulnerability to activist shareholders.
Many times we are engaged by committees of the board of directors of a company to serve as independent counsel. In these representations there are typically many sensitive issues that need to be dealt with, within the existing framework of a company’s governance structure. We work diligently to ensure the members of the committee appropriately fulfill their fiduciary duties, while being sensitive to the need to work symbiotically with other board members and the board at large, to collectively enhance the company’s business objectives.
What We Do
Blank Rome’s corporate governance attorneys (including capital markets, employee benefits, litigation, tax, and white collar) counsel U.S. public companies, U.S.-listed foreign private issuers, private companies and not-for-profit entities on a broad array of corporate governance matters with the ultimate goal of helping them manage enterprise risk.
Our corporate governance lawyers advise directors and management on:
For more than 20 years Blank Rome’s corporate attorneys have authored the “Audit Committees” portfolio for The Bureau of National Affairs, Inc., the most comprehensive work on the subject of audit committees that is currently available.
In addition, our attorneys have participated in a number of conferences and seminars that have addressed a broad range of corporate governance issues. Topics have included:
According to an annual survey of directors of major North American companies, conducted by Directors & Boards magazine, Blank Rome consistently ranks as a “Top 10” firm nationally specializing in corporate governance matters. The practice has also been named the “Top Law Firm for Corporate Governance” by The Legal Intelligencer as part of its Best Law Firm Corporate Practices contest.