Ethics/Professional Responsibility
Nov. 15, 2023
Does serving on an outside board of directors create risks for attorneys?
It is common for attorneys on boards to serve only in their capacity as board members. However, lawyers may feel tempted, often at their own peril, to provide advice on the legal implications of a particular business decision under consideration.
Practitioners have long recognized the benefits of serving on an outside organization’s board of directors. Attorneys may serve in these roles to develop business skills and relationships, support a cause of personal interest, or engage in their community. Outside organizations may even seek attorneys to serve on their boards to gain judgment in complex situations or for their connections within the business community.
While nothing is inhe...
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