Associate Professor of Management
Risky Business: Promoting general counsel to the C-suite
Rewarding a high-performing manager or mid-level executive with a promotion to the C-suite is a common practice in many corporations, ideally producing a positive impact on the bottom line and perceived financial stability among stakeholders. But what about promoting those who have been trained in law rather than business? According to research published in the Journal of Accounting and Economics co-authored by Kevin Koharki, an associate professor of accounting in Purdue University’s Krannert School of Management, the changing role of corporations’ general counsel (GC) and their increasing ascendance into senior management positions can produce less desirable outcomes.
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