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International Edition

Legal risk moves up boardroom agenda amid increasing pressure from regulators

There has been a sharp increase in how often regulatory and legal risk is discussed at board meetings, with 43% of companies discussing the subject at every meeting, up from 23% in 2012, according to the latest Legal Week Intelligence Corporate Risk Benchmarker, published in association with Deloitte. Risk was an 'infrequent' discussion at just 18% of companies. Legal risk was a board issue for 70% of companies with mid-sized turnover (£500m to £1bn) and least commonly discussed at board level at companies with a turnover of £1bn to £5bn (25%). "If there is an increasing compliance workload and an increase in board attention in some companies, it is perhaps because regulators and the authorities have been trending towards higher fines and more aggressive investigations," said Robert Cummins, assistant general counsel at satellite communications company Intelsat (pictured). "The bottom line is that the regulators are getting better at making the management feel the heat."
2 minute read

Inside Counsel

Companies become more transparent with association donation disclosures

Companies like to throw around the word transparency, and some are actually putting it into practice.
2 minute read

Inside Counsel

Cybersecurity strategies essential to law department operations

Viruses, fraud and intrusion can leak sensitive information and potentially damage your infrastructure. Now more than ever, effective strategies that address current and future cyber risks are essential to the operation of your department.
4 minute read

Inside Counsel

U.S. charges loom for some London-based brokerage firm's employees

Just as it closes the door on charges with British and U.S. authorities, the staff of a London-based brokerage firm may not be quite finished with its troubles on this side of the pond.
4 minute read

Inside Counsel

Regulatory: Securing information stored on mobile devices

With penalties beginning to be imposed in connection with reported HIPAA breaches, companies should take all possible steps to minimize a breach's occurrence.
4 minute read

Inside Counsel

Regulatory: The fracking debate creates a fractured legal landscape

Demands for disclosure create a quandary for industry, who regard the composition of these fluids as highly valuable trade secrets.
7 minute read

Inside Counsel

8 noteworthy in-house career moves

Charting some of the most recent GC and in-house appointments
4 minute read

Inside Counsel

New HIPAA privacy laws take effect after grace period for the newly regulated

Fines of up to $1 million are now possible within a single calendar year for repeat offenders.
2 minute read

Inside Counsel

SAC Capital Advisors and its founder hope to settle with SEC

SAC Capital Advisors and its founder, Steven A. Cohen, would like to put the embarrassing past few months behind themin the name of a settlement.
2 minute read

Inside Counsel

U.S. government cracking down on offshore bank accounts through FATCA

Want to retire to the U.K. after living in the U.S. and move all your money there? Too bad, the IRS will still hold jurisdiction over your accounts.
5 minute read

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