Fried, Frank, Harris, Shriver & Jacobson LLP

Fried Frank, a recognized leader in corporate governance and counseling, provides a wide range of advice to private and publicly traded entities, independent directors, board committees and management in connection with governance and compliance matters and transactional, enforcement and crisis situations.

Based in all our offices, our cross-disciplinary practice comprises attorneys experienced in corporate governance, corporate counseling, corporate compliance programs, securities law disclosure, complex civil and criminal litigation and securities law enforcement proceedings. We act as outside general counsel to many large and small US and foreign companies and have provided advice to companies in virtually every business sector.

Although establishing and maintaining proper governance structures and compliance programs has always been fundamental to business strategy, recent regulatory changes and state law developments have magnified their importance.  Fried Frank's corporate governance and counseling practice helps clients navigate the increasingly complex regulatory environment, including the rules related to the Sarbanes-Oxley Act of 2002 and the corporate governance rules of the New York Stock Exchange and NASDAQ.

We regularly publish SECMail® and client memoranda that track pending legislation and rulemaking and analyze the meaning and implications of new corporate governance requirements.

We advise on both novel and day-to-day governance issues, advise in the preparation of its disclosure materials and assist in compliance with new laws and regulations and guide our clients in their communications with analysts, the press and the investor community. We keep management and boards informed of trends and "best practices" in corporate governance. We also design corporate compliance programs tailored to meet our clients' specific requirements in a cost-effective way.

Our practice includes:

• Assisting in compliance with legal and regulatory corporate governance and disclosure-related obligations
• Reviewing, assessing and updating governance materials (including board committee charters, director and officer questionnaires, corporate codes of conduct, employee whistle-blowing policies, document retention policies, trading policies, compliance policies and procedure manuals)
• Training employees, management and directors on ethics and compliance issues
• Advising on the composition of boards of directors and board committees, with a focus on director independence and audit committee qualifications
• Counseling clients on their relationships with auditors and questions relating to auditor independence
• Providing guidance on merger and acquisition planning, including structural defenses such as stockholder rights plans and classified boards
• Counseling clients on dealing with analysts and the press and FD issues
• Responding to activist institution concerns and shareholder proposals
• Assisting in the preparation of periodic as well as nonroutine filings with the United States Securities and Exchange Commission for US and foreign private issues
• Advising on directors' and officers' indemnification and advancement arrangements and liability insurance coverage
• Conducting internal investigations
• Providing crisis management strategies
• Representing clients in shareholder class-action and derivative litigation alleging breach of fiduciary duty by directors

We also represent audit, compensation and nominating committees on corporate governance matters, as well as special committees that are typically formed to deal with conflict-of-interest situations in the boardroom, including:

• Contractual relationships between a parent company and a partially public subsidiary
• Executive agreements and compensation arrangements
• Competing interests of different shareholder constituencies (a particular issue for companies with tracking stocks)
• Going-private transactions
• Shareholder derivative litigations
• Special investigations arising from crisis situations

Diversity and Inclusion

Ours is a stimulating, open-minded and progressive environment, where we respect and build upon the assets and talents of everyone at the Firm.

Diverse perspectives enrich the experience of our colleagues and, ultimately, the service we provide to our clients.  We actively seek to reflect the diversity of the global community in which we work and live.

Our Firm is committed to maintaining an inclusive environment and fostering a professional atmosphere that promotes equal opportunity and prohibits discriminatory practices.  Our Diversity Committee provides a forum for identifying, prioritizing and discussing diversity issues, as well as for developing and supporting related proposals, initiatives and programs.  

We offer a multicultural and varied workplace.  Minorities and women lead several Firm practices and participate actively in governance activities.  In fact, our chairperson is a woman.

At Fried Frank, diversity is a standard principle.