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Directors Duties Briefing™
Training for your directors on the duties that they owe to your company
The Problem
The fiduciary duties owed by your directors is a Board level issue that can easily fall off the training agenda.
Related challenges include:
- getting Board level attention is not easy
- breaches of fiduciary duties can seriously impact your Business
- your Directors could face personal liability for serious breaches
- effective compliance requires Board support
- the attention span of some Board members is limited
- the risks increase if you are a public company
- the Board's agenda is usually congested
Wouldn’t it be good if you could efficiently and effectively ensure that your Board has the training they need to properly perform their legal duties to your company?
The GLS Solution
Directors Duties Briefing™ allows legal teams to efficiently and effectively brief their Boards on the significance of their fiduciary duties and the need for proactive compliance measures.
Delivered as a succinct and engaging slide deck, that allows you to insert compliance training into your Board’s agenda in way that informs, educates and invites definitive action.
GLS Directors Duties Briefing™ informs your Board on:
- the general nature of directors' duties
- the primary obligations your directors face
- the implications of non-compliance
- things to do to ensure compliance
- things to avoid to ensure compliance
- specific compliance challenges you face
- recommended compliance options
The briefing is presented in an extremely clear, easy to understand manner that is pitched in a way that is relevant to a “Board level” audience.
The briefing is accompanied with key speaking notes to assist the legal team actually deliver the briefing and demonstrate personal ownership of the subject matter.
The briefing is accompanied with a handy manual that the Directors can retain, study and refer to as and when issues arise.
This solution saves your legal team many hours of preparation time, leaving you to only focus on the inclusion of compelling organisation specific insights that will make the briefing your own.
This solution includes an option to have GLS brief your Board and address their questions directly.
Problem solved.
Solution Deliverables
| Briefing Content | Effective coverage of each briefing point |
| Slide Deck | A professionally formatted PowerPoint slide deck |
| Speaker’s Notes | Key speaking notes to accompany the slide deck |
| 30 Min Consult | 30 minute consultation on your directors' training agenda |
| Board Calibrated | A briefing designed to be delivered in less than 1hr |
| Compliance Record | A slide deck and text book which serves as a compliance record of issue coverage |
| Compliance Insights | Realistic insights on the fundamentals for compliance |
| GLS Delivery | Briefing can be delivered by a GLS corporate law expert (if desired) |
| Digital Rights | A right to use the digital record of the training session |
| GLS Q&A | Up to 1 hr of Q&A time for the Board (if desired) |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| DELIVERABLES | Standard | Advanced | Complete | |
| Slide Deck | ✓ | ✓ | ✓ | |
| Speaker’s Notes | ✓ | ✓ | ✓ | |
| 60 Min Consult | ✓ | ✓ | ||
| GLS Delivery | ✓ | |||
| Price (excl. VAT) | $1,499 | $1,999 | $2,999 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $1,499 | 1h 42m |
| Senior Associate | $640 | $1,499 | 2h 20m |
| Blended Rate | $520 | $1,499 | 2h 53m |
| Associate | $480 | $1,499 | 3h 06m |
| Junior Associate | $420 | $1,499 | 3h 34m |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
General Counsel
Compliance
Knowledge
Internal Client
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
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