In a recent article, published in CCCA, the quarterly of the Canadian Corp. Counsel Association (Fall 2007 at 10), I distinguish between elaborate guidelines for outside counsel and more “constitutional” statements of basic principles. If you want to see a PDF of my article on guidelines compared to law-firm engagement letters topic, click here Download rees_morrison_hard_or_line_on_outside_counsel_guidelines.pdf
. I favor the broad statements of principle, by the way.