MNCs and the GC - Why it Really Means 'Global Counsel'

April 2016

Abstract

In this article, the term GC, traditionally used to refer to General Counsel or the lead legal counsel for a corporation, will be substituted for the more appropriate world-wide sobriquet of Global Counsel. This definition of the role of GC connotes the new reality of the broader global portfolio of responsibilities beyond simply “legal” to encompass compliance , risk management, tax, transfer pricing, corporate development, lobbying, and other functions now required of the role on a global basis. It also defines an evolution toward a more technology-enabled cross-cultural global corporate governance legal model that allows inter-related processes to work across the transnational operations of a Multi-National Corporation (“MNC”). GCs can achieve this in a variety of ways, either by developing and deploying in house staff with a global mindset or developing a globe-spanning network of external counsel.

Author

Mark Van De Voorde

Chief Legal & Administrative Officer, Victaulic, USA

Mark Van De Voorde is the Chief Legal and Administrative Officer and Corporate Secretary of Victaulic Company and Victaulic International Sarl (“Victaulic”). Victaulic is a global leading in mechanical joining technologies and does business in more than 120 countries around the world. In this role, Mark deals with a wide array of compliance issues and regulations including but not limited to import-export, antitrust and fair trade, environmental, health and safety, SRO and regulatory approvals, and anti-corruption and anti-money laundering. Mark holds a B.B.S. in Finance from the University of Iowa, a J.D. with high distinction from the University Of Iowa College Of Law, and an M.B.A. with honors from the University of Chicago.

Company

Victaulic

Victaulic is the originator and world's leading producer of mechanical pipe joining solutions and grooved pipe joining systems. Used in the most demanding markets, Victaulic innovative pipe fitting technologies and services put people to work faster while increasing safety, ensuring reliability and maximizing efficiency. Victaulic grooved couplings, grooved fittings and pipe connectors are at work in more than 140 countries across diverse business lines. Our pipe fitting solutions meet specific business needs such as accommodating thermal movement, providing seismic solutions, safer system installations, pipeline maintenance and installation, fire protection piping and noise and vibration attenuation. - See more at: http://www.victaulic.com/

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MNCs and the GC - Why it Really Means 'Global Counsel'

Abstract

Author

Company

Victaulic

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