This paper explores more fully some of the findings of our previous studies and based on in-depth interviews with GC and other senior counsel in Europe, North America and Asia-Pacific. Through more detailed interviews, this report takes a closer look at the broadening role of GC and the efforts to streamline corporate counsel with involvement in risk management, compliance, finance, regulation, human resources and business issues as well.
In the increasingly changing business world, GC are becoming further involved in matters that are not strictly legal advice – with involvement in risk management, compliance, finance, regulation, HR and business issues as well. The role of GC is evolving such that they anticipate, advise, control, and communicate to different parts of the corporation. As GC continue to cover a broader role, it is likely the Board and senior management will ask for even more from their GC.
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