Issuer's Role in Selection of Underwriter's Counsel
Debt Management
Issuer's Role in Selection of Underwriter's Counsel
GFOA recommends that Issuers minimize their involvement in the selection of underwriter’s counsel. However, it is appropriate for the issuer to ensure that underwriter’s counsel is competent, has no conflicts of interest, and that costs are reasonable.
Board approval date: Saturday, October 31, 2009