The last few years have brought big changes for general counsel, and for many a rise to a role of greater prominence within their companies. Audit, tax and advisory firm KPMG has updated a report it first issued in 2012 based on a telephone survey with general counsel around the world, which showed that GCs are shifting from being strictly legal advisers to being business advisers too.
KPMG followed up on that data by conducting a series of new interviews with GCs from large corporations in North America, Asia-Pacific and Europe, to find out what challenges they are facing. The resulting report, “Over the Horizon: How corporate counsel are crossing frontiers to address new challenges,” shows that GCs are increasingly involved in commercial decision-making, particularly when it relates to risk management.
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