The Federal Bar Association - Securities Law Section is a proud sponsor of the virtual museum and archive of the history of financial regulation at www.sechistorical.org this year.
While the museum is free and accessible to everyone at all times, the Section will highlight specific material and information within the museum on securities law issues in the coming months, providing current and prospective Section members with unique content and context for use at any time.
“The corporation that governs best, and to me it’s the only way that you have a satisfactory governance culture and compliance, is if the culture, the practices, the procedures, the code of conduct, the education, we could talk about all that, is such that each employee, whether for one day or twenty years, understands that compliance, accountability, governance is my responsibility.”
Curtis “Hank” Barnette, former Chairman and Chief Executive Office of Bethlehem Steel, articulates the responsibilities of all in corporate governance in his May 21, 2013 oral histories interview. His interview addresses why the corporate secretary and the general counsel should be one officer, dealing with trade and labor challenges, and the impact of tender offers and hostile takeovers. He also notes how his legal background was important in preparing him to lead Bethlehem Steel: “Organizing and public speaking and the analytical skills that you’re taught as part of your legal training are very helpful. For a good litigator, the first thing you know is how much you don’t know. You’re just never hesitant about getting help and do not get in that witness chair unless you know what you’re talking about. You reach out. You create a little humility. If you have that training, that skill, it’s helpful.”