The data general counsel analyze for risk and compliance is increasingly displaying potential for value creation elsewhere in business operations. Corporations need to recognize this opportunity when it comes their way.
As corporate governance standards and litigation continue to evolve, the issues impacting C-suite executives increasingly appear more complex. Because of this trend, general counsel has already been integrated with senior leadership and increasingly have their hand in more decision-making responsibilities for the business. An Association of Corporate Counsel survey found that 93 percent of general counsel are now members of the executive management team and, now more than ever, need to be heavily involved in decisions and major issues impacting the company. It’s critical they remain a steadfast voice of authority for both risk assessment and for a proactive strategy toward success in an organization.
General Counsel Value Delivered to the C-Suite
With the shift to a new administration this year, government regulators are likely to cast a more vigilant eye on business practices. Many of President Biden’s appointees and nominees since taking office have been staunch financial and corporate regulators, and the priorities outlined in his first regulatory agenda confirm his commitment to
