Machine generated contents note: -- ABOUT THE AUTHORS -- ACKNOWLEDGMENTS -- FOREWORD by Ben W. Heineman, Jr. -- FOREWORD by Ira M. Millstein -- PREFACE -- INTRODUCTION -- CHAPTER I THE GENERAL COUNSEL'S CHALLENGES IN THE NEW REALITY -- A. The Landscape -- B. Key Characteristics of the General Counsel Position -- C. Dealing with the New Reality -- D. Key Takeaways for the General Counsel's Challenges in the New Reality -- CHAPTER II EVOLUTION OF THE ROLE OF GENERAL COUNSEL -- A. Historical Perspective -- B. Modern Reality -- C. Key Takeaways on the Evolution of the Role of General Counsel -- CHAPTER III the general counsel on the balance beam -- A. The Many Hats Worn by the Modern General Counsel -- B. The Lonely Middle: Relationships with Senior Management and the Board -- C. Other Relationships -- D. Key Takeaways for the General Counsel on the Balance Beam -- CHAPTER IV THE GENERAL COUNSEL LEADING THE CHARGE -- A. Establishing and Maintaining a Legal and Ethical Culture -- B. Ethics and Professional Conduct Rules Governing In-House Counsel -- C. Demonstrating Openness and Community Involvement -- D. Key Takeaways for the General Counsel in Leading the Ethical Charge -- CHAPTER V ADVISING THE BOARD ON CORPORATE LAW AND OTHER LAWS -- A. Corporate Law and Corporate Governance Under State Law -- B. The CLO's Advice on Other Laws and Issues -- C. Key Takeaways for the General Counsel in Advising on Corporate Law and Other Issues -- CHAPTER VI Managing the Legal Department -- A. Need for Adequate Resources -- B. Compartmentalization and Decentralization -- C. Global Challenges -- D. Working Within the Law Department Budget -- E. Choosing Outside Counsel -- F. Key Takeaways for the General Counsel in Managing the Legal Department -- CHAPTER VII THE GENERAL COUNSEL IN THE CROSSHAIRS: EXPOSURE TO SANCTIONS, PROSECUTION, AND LIABILITY -- A. Conceptualizing the Role: The General Counsel as Advocate, Gatekeeper, or Persuasive Counselor -- B. Reporting up and Reporting out -- C. Understanding the Risks: Types of Liability Exposure Confronting In-House Counsel -- CONCLUSION -- APPENDIX A Table of Contents of The Corporate Director's Guidebook (6th ed.) -- APPENDIX B Table of Contents of Stephen A. Radin, The Business Judgment Rule (6th ed.).