12 Ways GCs Can Protect Themselves From Governance Risks

, Corporate Counsel

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Corporate governance is the battleground where in-house legal careers are launched or may end in ruin.

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  • E. Leigh Dance

    To Jose Tabuena‘s comment, apologies-- it‘s impossible to cover everything in a short article, but completely agree that close working relationship with Compliance, whether separate from or within the Legal function, is essential-- I think we considered it a ‘given‘. The link to the full report was unfortunately missing, here it is: http://eldinternationalllc.cmail2.com/t/i-l-vdkqy-muyiliuu-r/

  • Kenneth S. Resnick

    sorry, accidentally hit send. Second, in lieu of or in addition to regular risk reviews, crisis management drills around the key and emerging risk areas are often helpful. Cyber, compliance risks, fraud risks, etc. These drills (and having the right board process around them ahead of time) can help with GC preparedness and credibility.

  • Kenneth S. Resnick

    All good recommendations. I would supplement this list with two additional thoughts that would make the list appear more process than event/crisis driven. First, in addition to the maintenance of strong communications with the board, a GC might consider having a review rhythm with the board and committees on key and emerging risk areas so that when the crisis does occur, the board understands some of the background and what the legal department and business has done to mitigate those known and emerging risks. Second, in lieu of

  • Jose Tabuena

    No mention of working with the compliance officer and compliance function?

  • Jose Tabuena

    No mention of working with the compliance officer and compliance function?

  • Tony Laino

    E. Leigh Dance and Bruno Cova provide some straightforward, thoughtful, and most importantly, easy-to-remember-and-use advice

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