CCBJ March-April Issue

Page 13

Pulse The Rise of General Counsel as Reputational Leaders RICHARD TORRENZANO THE TORRENZANO GROUP cal advertising, which may well turn out to be a smart

Richard Torrenzano speaks on the evolution of the role of general counsel, especially as it pertains to the upkeep and oversight of a company’s reputation navigating a modern day environment.

H

as any company in living memory faced as many high-profile controversies and setbacks as Facebook? The company confronted hot-button issues – from the Cambridge

Analytica scandal, to data breaches, to antitrust actions – with a tone deafness unique among major corporations.

And yet, there are signs that Facebook is beginning

to get smart.

Rather than remain in the crossfire of a deeply po-

larized country, CEO Mark Zuckerberg is positioning Facebook to serve as the neutral curator of the national dialogue. He is leading an intense, internal discussion

strategy of enduring short-term heat for long-term insulation.

The company is also beginning to learn to set the

agenda. When Zuckerberg and his wife, Priscilla Chan, recently appeared on the CBS Morning News, they talked casually with anchor Gayle King across a kitchen counter, presenting an appealing, sympathetic image.

No doubt, smart image consultants are behind this

turnaround. But I would not be surprised if part of Facebook’s new approach in style and substance is the handiwork of someone who came on board in April – general counsel Jennifer Newstead.

If so, this would be in keeping with a growing trend

in corporate America – the rise of the general counsel in reputational leadership. A general counsel is arguably the best positioned member of the C-Suite to coordinate actions across disciplines for crisis response.

While not every company can call on the former

and debate among company leaders to seek a safe path

top counsel at the State Department, companies are

between competing demands of two parties on politi-

turning to general counsel to help manage complex CORPORATE COUNSEL BUSINESS JOURNAL

11


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.