GCs report shifting roles in era of regulatory and security concerns

Top lawyers predict that complex regulations, data protection and compliance will be their top concerns five years from now

With great power comes great responsibility, and general counsel are gaining both, according to professional services firm KPMG’s first Global General Counsel Survey. Many of the 320 GCs surveyed have seen their roles evolve in an era of data breaches, regulatory reforms and corruption concerns.

According to the survey, the line between legal and business advice continues to blur, as general counsel are often expected to “advise [companies] proactively on their business horizons.” To that end, most respondents reported having a close relationship with their company’s board: 81 percent of GCs either report directly to board members or have a seat on the board themselves.

Alanna Byrne

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