Top in-house lawyers in the U.S. asked Congress to approve $700 million in funding for Legal Services Corp., and a California judge held that a law requiring publicly held corporations to place a minimum number of women on their boards violates the Golden State's constitution. These are some of the stories in corporate legal news you may have missed in the past week.
Coca-Cola Co. shareholders during their annual meeting Tuesday narrowly approved the company's compensation plan for named executives which includes a more than $11 million payout for its former general counsel who suddenly resigned a year ago and became a consultant to the CEO despite an adviser's recommendation to reject the plan.
Coca-Cola Co. shareholders during their annual meeting Tuesday narrowly approved the company's compensation plan for named executives which includes a more than $11 million payout for its former general counsel who suddenly resigned a year ago and became a consultant to the CEO despite an adviser's recommendation to reject the plan.
Proxy advisory firm Glass Lewis & Co. LLC recommended Coca-Cola Co. investors reject the company's executive compensation plan, which includes a more than $11 million payout for its former general counsel who suddenly resigned a year ago and became a consultant to the CEO, according to a recent so-called controversy alert.
A California judge's decision to strike down a state law requiring diversity in boardrooms is not a setback for companies, but rather an opportunity for general counsel to take charge and show their true commitment to equity even without mandates, experts say.