Governance

While global events and domestic regulation shifts continue to cause legal disruptions, UK GCs are also being asked to do more with less. Transactions are expected to move faster than ever, and C-suites increasingly require legal departments to demonstrate a more holistic business case for their operations.  With 93% of General Counsel (GC) now joining their company’s executive management teams,...

Around the world – and especially in APAC – robust correlations have emerged between business performance and board gender diversity. A new initiative is taking steps to increase gender inclusivity in Sri Lanka, a country where board diversity has been slow to increase.  It is becoming widely recognized that board diversity positively correlates with company performance. With varied perspectives and...

ESG alignment won't just impact a company's brand and investor interest. Data increasingly suggests that emerging professional talent gravitates towards businesses that are run ethically and sustainably. In other words, an employer's commitment to ESG issues can make or break their employee retention.  Naturally, you want to attract the best and brightest talent to your organization. So when you’re developing...

Litigation can bring any company's legal and compliance functions grinding to a halt. The answer is to bring in external counsel. Still, impasses can crop up, and legal can be tapped strategically (such as during discovery). 'Fixer' and experienced litigator Kelly Purcaro offers the following tips to streamline this challenging process. The last thing any executive or business leader wants...

Board members who neglect risk oversight, in turn, risk exposure to lawsuits via Director and Officer (D&O) Claims in the fallout of a major safety lapse. Boeing's Board of Directors learned that firsthand in a settlement stemming from Caremark claims reached late last year. Last year, the Delaware Court of Chancery handed down a warning to directors and officers of...

The COVID-19 pandemic has proven an inflection point for the use of AI and ML technology in the health care sector. Regulators across jurisdictions have provided guidance, but many uses and implementations of AI remain in their infancy. To navigate this legal quagmire, boards will need to use every tool and resource at their disposal.  Health care industry investment in...

We've come a long way from the move fast and break things era. But C-suite and board members of any growing corporation inevitably reach a crossroads (or many crossroads) where they must choose between scaling aggressively and scaling ethically.  We should be celebrating the empathetic entrepreneur who understands customer needs deeply and figures out the responsible way to serve them,...

Sustainability has become the watchword of our modern moment. Shareholders may withhold investment from firms that don't center responsible environmental practices. Consumers demand sustainable goods and services, and an increasing share of workers seeking employment with firms that aim to address inequities. Corporations large and small have promised to do their part, but are they? A new survey shows that...

Many are quick to say that improving diversity, equity and inclusion (DEI) makes business sense for any company. But what does that actually look like for HR, risk and compliance professionals? In a chapter of his latest book, Intended Consequences, General Catalyst Managing Director Hemant Taneja describes three successful DEI initiatives and their positive downstream consequences.  It's common today for...

Where dollars go, regulation, reporting and risk follow. The demand and interest in ESG-aligned corporations shows no sign of ebbing, and businesses will need to do what they can to expand their ESG reporting and risk assessments. 2021 was a banner year for ESG (environmental, social, governance) investing, with nearly $650 billion invested into ESG-focused funds worldwide.  No one considers...

Emerging risks are those that cannot yet be fully assessed but could, in the future, affect the viability of an organization’s strategy and business model. A risk savvy culture sometimes calls for an informal adhocracy to identify emerging risks in a timely manner.

A diverse, equitable and inclusive culture contributes to organizations' success by positioning directors and senior executives to add value in evolving markets. Do your board and C-suite measure up? Diversity in the boardroom and the C-suite encompasses such attributes as education, experience, gender, racial and ethnic background, geographic origin, age, digital savvy and specific areas of expertise (e.g., M&A). There...