General Counsels Gaining Ground on Corporate Boards Amid Stereotype Challenges


Recent trends indicate a growing presence of General Counsels (GCs) on corporate boards, yet they still face the stereotype of being mere “legal functionaries.” Some argue that this perception creates headwinds challenging their full integration into board dynamics. Ex-AbbVie Chief Legal Officer Laura Schumacher, who now serves on two company boards, emphasizes the unique value GCs bring: “The law teaches us how to think about both sides of things, how to anticipate issues, how to see around the corner, and all of those skills are very, very important to be a valuable board member.” This shift is nuanced, as detailed in an analysis unpacking the complexities and contributions of GCs in boardrooms. The article examines the dynamics at play as more corporations begin to recognize the strategic importance of having seasoned legal minds influencing governance and risk management decisions.