Michael W. Peregrine is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm’s
Michael is outside governance counsel to many prominent corporations, including hospitals and health systems, voluntary health organizations, social service agencies and health insurance companies. He frequently serves as special counsel in connection with confidential internal board reviews and investigations. He regularly advises boards on fiduciary duty issues associated with complex business transactions.
In the 2011 edition of Chambers USA: America’s Leading Lawyers for Business, Michael is listed in the top tier of health care lawyers in Illinois and is characterized as being “known nationwide for his representations of nonprofit organizations in corporate governance matters. He is a prolific writer with a ‘very broad range of experience, which informs his understanding of the healthcare sector and what the industry needs’.” He was appointed by the American Health Lawyers Association as a Fellow in 2006. Michael was also named by the BTI Consulting Group as a Client Service All-Star in its annual publication, The BTI Client Service All-Star Team for Law Firms. He was cited by The National Law Journal as one of the “40 Health Care Lawyers Who Have Made Their Mark.” Since 1993, Michael has been selected by his peers to be included in the annual edition of The Best Lawyers in America for his expertise in health. In addition, he participates as an advisor to the American Law Institute in the preparation of the treatise, Principles of the Law of Nonprofit Organizations, and has served as a member of the Legal Framework Group of the Panel of the Nonprofit Sector.
Michael is noted for his special expertise advising nonprofit corporations on matters of corporate law and governance.
Michael is a member of the Firm’s Health Industry Practice Group, which is ranked by Chambers USA as the nation’s #1 health law practice. Michael is a frequent author and speaker on legal topics affecting tax exempt, nonprofit corporations. He is a faculty member of The Governance Institute,
Michael has authored over 300 articles on corporate, tax-exempt organization and governance law topics. His most recent publications include detailed “White Papers” published by The Governance Institute on the topics of Conflicts of Interest and the Nonprofit Board and Fiduciary Liability of Nonprofit Directors: The Fundamentals, respectively. He is a co-author of all three governing board compliance guidance white papers published jointly by the Office of Inspector General (Department of Health and Human Services) and the American Health Lawyers Association.
Michael is frequently quoted on corporate law and governance law issues, in publications as diverse as The New York Times, The Wall Street Journal, The Washington Post, U.S. News and World Report, BusinessWeek, Corporate Counsel, Corporate Board Member, The Chronicle of Philanthropy, The National Law Journal, BNA's Health Law Reporter, Crain’s Chicago Business, Chicago Tribune and Modern Healthcare.
Representation of corporations and their governing boards in matters such as:
- Multi-corporate system restructurings
- Governance reorganizations and bylaw revisions
- Conflicts of interest review and resolution
- Response to Congressional investigations and inquiries
- Voluntary self disclosure to state and federal agencies
- Internal investigation of suspected breach of fiduciary duty or fraud
- Response to state and federal examinations, audits and litigation
- The board’s fiduciary duty in complex business transactions
- Counsel to board committees (e.g., governance, investment, audit/compliance, executive compensation)
- Disputes with chapters, affiliates and divisions
- Compliance with UMIFA/UPMIFA
- Disputes regarding application of funds held in charitable trust
- Roles and responsibilities of chief compliance officer and general counsel
- Board compliance plan oversight obligations
- Effectiveness of organizational compliance programs
- Independent board investigative counsel
- Structural measures to increase board efficiency
Education
- Northwestern University School of Law, J.D., 1980
- Texas Christian University, B.A., 1977
