what facts does the lawyer need to know about the corporation and its shareholders before deciding...

what facts does the lawyer need to know about the corporation and its shareholders before deciding to accept a job titel ( president of the board of directors )?

Expert Solution

There are several things/facts every lawyer need to know about the corporation and its shareholder before taking entry in the Job role, these are as stated below:

Lawyer must know about the Job role and what responsibilities and activities are to be handled.
How is the current legal situations of the corporation, whether organization is compliant to several legal regulatory and fulfilling the needs of various stakeholders over time or not.
Lawyer must know about the current legal issues as applicable towards the corporation and its shareholders. They should also know about expected legal figure or situation of the corporation, they should look at the ongoing trends that whether giving positive outlook or negative consequences.
Lawyer takes role of advisory as they have legal rights, legal responsibilities and legal knowledge/awareness, risk assessment that supposed to help lawyer to know about the current standing of corporations and its stakeholder. Before accepting the Job offer, they should grab knowledge as much as possible that could eliminate several future risks or burden.

keosha answered 8 months ago

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