New TMG Podcast: General Counsel Role Shifts from Being a "No" Person to a "Yes" Person

Latest C-Suite Intelligence podcast from TMG: "What Does a General Counsel Do?"

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Jan 28, 2020, 10:00 ET

NEW YORK, Jan. 28, 2020 /PRNewswire/ -- As companies face greater legal and regulatory demands – on top of increasing complexities around intellectual property, data, and new technology – the role of the General Counsel has expanded exponentially, says Billy Stern of The Miles Group/TMG. "A General Counsel has to prove their value to the CEO not just by being a great lawyer, but by being a true business partner and thought leader," says Stern in "What Does a General Counsel Do?", the latest episode in TMG's C-Suite Intelligence podcast.

"The big difference between being a lawyer and being a General Counsel is the intellectual switch from being a 'no' person to being a 'yes' person. They run the legal function of the organization, but also serve as the consigliere to the CEO," says Stern, who served as General Counsel to two publicly-traded companies prior to working with TMG, which helps companies develop their top-level and emerging talent.

"The best General Counsels are part of the strategic decision-making process across everything from personnel to business to corporate culture and investor relations. They help the CEO and others move the business forward."

As the General Counsel role has expanded in recent years, so has their compensation. Equilar reports that median pay for GCs reached $2.6 million in 2018; median GC pay in the financial sector saw a jump of 36% just from 2017 to 2018.

"Corporate and shareholder concerns around workplace behavior and culture, as well as the increasing complexity around technology and privacy issues as new regulations are enacted across different geographies – these issues add further complexity to the role," says Stern.

The C-Suite Intelligence podcast series covers a range of leadership lessons from decades of working with high-performing CEOs. Other episodes in TMG's podcast series include:

Listen and subscribe on Apple Podcasts, Google Podcasts, Spotify, YouTube, or wherever you get your podcasts.

For more information, please contact Davia Temin or Suzanne Oaks Brownstein of Temin and Company at 212.588.8788 or [email protected].

About the C-Suite Intelligence podcast
CEOs running the world's top companies don't start out that way – they pull ahead of their peers with behaviors and practices that make them the "best of the best." Stephen Miles and the team at TMG coach some of the world's most successful executives, helping them continuously up their game even as business conditions grow more complex every day. Through the C-Suite Intelligence podcast, learn the secrets of the highest performers, and use this intelligence to power your career.

About The Miles Group/TMG
TMG develops talent strategies for organizations, teams, and individuals – focusing on high-performance, world-class leadership. Through assessments and development, coaching, leadership transition planning, and organizational design, TMG helps clients cultivate exceptional talent from the C-suite to the next generation of leaders throughout the organization. Clients include many of the Fortune 100 as well as VC portfolio companies, firms in transition, and organizations around the globe and across industries. TMG has been featured in Harvard Business Review, The Wall Street Journal, Bloomberg, Forbes, Fortune, C-Suite, Entrepreneur, and Chief Executive. The firm is headquartered in New York City and operates globally. For more information, visit http://miles-group.com. Follow TMG on Twitter @TheMilesGroup and LinkedIn https://www.linkedin.com/company/the-miles-group.

SOURCE The Miles Group/TMG