Evolution and change is the norm for companies operating in today’s global economy. New laws and regulations are continuously enacted, requiring corporate counsel to keep a keen focus on those affecting their daily practice and company’s business operations. And as a result, chief legal officers (CLOs) and general counsel (GC) grapple with balancing the regional demands of their businesses and specific legal requirements of individual markets.
Increased business collaboration of in-house counsel worldwide has exemplified the notion that many of the concerns of corporate counsel are universal.
Whether it is law department management, rethinking relationships with outside counsel and vendors, staying aware of company business activities that may have legal implications or staying up-to-date on changes in law, all are significant matters for CLOs and GCs across the globe.
For the third year in a row, ethics and compliance topped the list of issues keeping CLOs around the world up at night.
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Veta Richardson is the president and chief executive officer of the Association of Corporate Counsel