find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Sex, drugs and payroll on the company board

Sex, drugs and payroll on the company board

A MAJOR pharmaceutical company’s directors are embroiled in a sex scandal, huge dubious payouts and a dysfunctional board, while one of its ‘erectile assistance’ products is rumoured to have…

A MAJOR pharmaceutical company’s directors are embroiled in a sex scandal, huge dubious payouts and a dysfunctional board, while one of its ‘erectile assistance’ products is rumoured to have killed a few customers.

This at least was the hypothetical scenario that was posed at last week’s Australian Corporate Lawyers Association (ACLA) in-house symposium, aimed at preparing in-house lawyers for a complete corporate meltdown.

Moderated by the Andrew Rogers QC and composed of a panel of corporate heavyweights, the hypothetical sought to pose the worst case scenario in the name of in-house forward planning.

“Preparation is nine-tenths of achievement,” Rogers said, warning the audience to prepare for any potential business calamity with a degree of anticipation.

Rogers, being the previous chief judge of the commercial division of the Supreme Court of NSW, was well placed to visit on the panel the most extreme failures in management a general counsel could face in dealing with a volatile board of directors.

The panel was made up of Bill Brown (divisional general manager, legal and regulatory for Tabcorp Australia); Stuart Thomas (chief operating officer of the Macquarie Radio Network); John Sweeney (leader of the Edmund Rice Centre’s business ethics initiative); Bill Beerworth (managing director of Beerworth & Partners); Margaret Cole (global general counsel for Babcock & Brown); and Nick Allton (division director of the legal risk management group of Macquarie Bank Limited).

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Sex, drugs and payroll on the company board
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 22 2017
‘Document tsunami’ driving lawyers to upskill in TAR
A prominent Victorian judge has highlighted the growing need for lawyers to expand their knowledge o...
Defamation expert appointed to lead Victorian Bar
Nov 22 2017
Defamation expert appointed to lead Victorian Bar
The Victorian Bar has named Dr Matt Collins QC as its new president, with an additional eight member...
Law Council of Australia
Nov 21 2017
LCA calls for urgent adoption of ‘game-changing’ recommendation
The Law Council of Australia has urged for the immediate adoption of a key recommendation put forwar...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...