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The Role of the Modern General Counsel in Corporate America


February 17, 2011 12:45pm - 2:00pm

Room 180
Room 180, Stanford Law School
Lunch will be provided

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About the event: The news is filled with reports of one corporate crisis after another - names like BP, HP, Goldman Sachs, Bank of America, AIG, Siemens, Toyota, and issues like backdating, bribery, antitrust violations, insider trading, procurement fraud, health and safety violations, consumer class actions and the like. And often the cry is heard - where are the lawyers? Stasia Kelly will explore the evolution of the role of the general counsel of major American public companies and, more broadly, the expanding role of in-house counsel.

About Stasia Kelly: Anastasia D. Kelly is the former Vice Chairman of American International Group (AIG), a role she held until the end of 2009. In this role, she was responsible for the global legal, compliance and regulatory functions, government relations, communications, corporate affairs and human resources. Ms. Kelly joined AIG in September, 2006 as Executive Vice President, General Counsel and Chief Regulatory and Compliance Officer. She assumed her additional responsibilities in January, 2009. Prior to AIG, Ms. Kelly was Executive Vice President and General Counsel of MCI/WorldCom, where she served as the Chief Legal Officer in the restructuring of the company from 2003 until its acquisition by Verizon in 2006. Prior to MCI, Ms. Kelly was Senior Vice President and General Counsel of Sears, Roebuck and Co. While at Sears, Ms. Kelly restructured the legal and compliance teams in the wake of the company’s Bankruptcy Code issues in its credit card division. Before her tenure at Sears, Ms. Kelly served as the Senior Vice President, General Counsel and Corporate Secretary at Fannie Mae. At Fannie Mae she centralized the company’s legal and compliance function and upgraded the talent across Fannie Mae’s five offices nationwide. Prior to joining Fannie Mae, Ms. Kelly was a partner and associate with Wilmer, Cutler & Pickering (now Wilmer Hale) where her practice spanned several areas of law, including regulation of financial institutions and securities firms, corporate and securities and intellectual property . Ms. Kelly was also associated with Carrington, Coleman, Sloman & Blumenthal, of Dallas, where her practice encompassed general and business litigation.

Ms. Kelly received her law degree magna cum laude from George Washington University, where she was a member of the Order of the Coif, and her undergraduate degree cum laude from Trinity University. She serves as a director of O-I, the world’s largest manufacturer of glass packaging, and serves as a Trustee of the Carey School of Business at John Hopkins University.

Ms. Kelly is on the Advisory Board of the Rock Center for Corporate Governance at Stanford University. She is also past Chair of Equal Justice Works and a Director of Lawyers for Children America and the International Institute for Conflict Prevention & Resolution.