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Law and Business

If a business has a legal team, who meets with the team to discuss updates or other important information from the business?

Let's say this is a fairly average business, nothing massive but is still doing extremely well. Does someone from higher up hold meetings with the team, or is it a secretary who passes the information over?

I'm also curious if anyone knows how often a business would need their legal team.

Reply 1

Goffogof

For regulatory affairs: a compliance officer or an inhouse legal counsel

Reply 2

Strawbaru

Original post by Goffogof

For regulatory affairs: a compliance officer or an inhouse legal counsel

Do you know if an In-house legal team attend board meetings or arrange meetings with a senior director or even the ceo themselves? Does one lawyer agree to meet and present all legal matters to a team of directors? Apologies for the questions, I'm aware you may not know.

Reply 3

Goffogof

The legal team would normally attend management meetings with the directors , ceo.. the executive ... those running the business

I think that would require a legal advice or document outside the board meeting and then the board members would take cognisance of the paper during the board meeting and discuss about it.

Reply 4

Strawbaru

Original post by Goffogof

The legal team would normally attend management meetings with the directors , ceo.. the executive ... those running the business
I think that would require a legal advice or document outside the board meeting and then the board members would take cognisance of the paper during the board meeting and discuss about it.

Ahh, thank you that makes sense

Also, I’m not sure if you’ll know anything about this, but it’s worth a shot. For family owned businesses, say if the father owns the business and is the non official chairman, would it be possible for the son to take over the business with all the necessary qualifications?

The business in question is a small vineyard and winery owned by a family for generations.

At entry position can the son get to Team leader role of a certain division within the first 5 years? Given that it’s a relatively small business and family owned.

As you can tell, I know nothing about business or law, apologies in advance.