Corporate Legal Exchange Launches Policy Generator Tool to Reduce General Counsel Time-Spend.ARLINGTON, Va. -- The Corporate Legal Exchange - a Corporate Executive Board (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EXBD) program for general counsel at midsized companies - recently launched a suite of online policy generators designed to minimize time spent on corporate policy creation. Developed by examining specific policies and contracts in use at more than 1,000 companies, the online policy generators reduce time spent drafting policies by up to 80 percent. "General counsel of midsized companies are often resource constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. ," noted Michael Williams Michael Williams may refer to:
General counsel at midsized firms hold a variety of roles but are given few in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. counsel to support their workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. . Results from a recent Corporate Legal Exchange member survey found 71 percent of general counsel have four or fewer direct reports, and 50 percent spend more than half of their time creating policies. The policy generators address these challenges by serving as an additional resource that allows general counsel to edit rather than draft. Covering a range of topics including electronic communications, the FCPA FCPA Foreign Corrupt Practices Act FCPA Fairfax County Park Authority (Virginia) FCPA Fujitsu Computer Products of America FCPA Fair Campaign Practices Act FCPA Fellow of CPA Australia FCPA Florida Concrete & Products Association , and whistleblower whis·tle·blow·er or whis·tle-blow·er or whistle blower n. One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . . policies, every policy generator contains eight to 16 sections, which each represent a clause commonly found in related policies. Within each section, users can view and choose from a cross-sample of clauses found in policies used by Corporate Legal Exchange member companies. Once the user has selected the appropriate clauses for their policy, a customizable document is generated. Of the Records Management Policy Generator, one general counsel at a midsized insurance company, said, "When I am under pressure, I can rely on this tool built from actual corporate legal department policies. Even when I use a wide variety of clauses, the generated policies take little time to create and still read cohesively." About the Corporate Legal Exchange: The Corporate Legal Exchange (CLEx) is a membership serving more than 300 general counsel and their teams at companies with less than $1 billion in annual revenue. Members access best practice research, interactive benchmarking tools, webinars, online peer groups, and leverage timesaving time·sav·ing adj. Serving to save time through an efficient method or a shorter route; expeditious. time tools and templates through www.corporatelegalexchange.com About Corporate Executive Board The Corporate Executive Board (NASDAQ: EXBD) provides analysis and authoritative guidance to the world's most successful organizations. With a member network of over 80% of the Fortune 500, the Corporate Executive Board delivers indispensable resources for timely decision-making on all issues related to strategy, operations and general management. For more information, visit www.exbd.com. |
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