The 2024 edition of the Chief Legal Officers Survey (“Survey”) from the Association of Corporate Counsel (“ACC”) offers corporate boards valuable insights and guidance relative to oversight of the legal department. For that reason, CLOs should bring this Survey to the attention of the board and CEO.
Major board take-aways from this year’s Survey include: (i) indications of a decline in the CLO’s leadership – level role and influence, and (ii) increasing pressures on legal departments “to do more with less.” Both are particularly relevant to the board’s oversight responsibility – and of concern to the CLO.
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