Credit: Diki/Adobe Stock With No Risk, There Is Also Reward
It should go without saying that each GC must understand the threats and risks in the context of their client's particular situation including the industry, geographic scope, size of legal department, resources, etc. It is a daunting task, particularly when the answer is not necessarily a one size fits all approach.
June 12, 2023 at 11:59 AM
5 minute read
A General Counsel's obligation to heed risk and compliance challenges is like a homeowner's obligation to keep an eye on the veggie crisper in the refrigerator. It is not necessarily a sexy task but if left neglected can lead to not-super-awesome developments. A GC must monitor risk and compliance (as well as their veggie crisper) to maintain a well-functioning environment. The GC serves as the backstop for risk and compliance related items, often in tandem with a CCO or other risk and compliance professionals and is a valued thought partner on strategic issues affecting all aspects of the company, notably risk and compliance.
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