There may be certain sets of best practices to follow when dealing with risk and compliance issues, but for in-house counsel, how important is risk exactly? If a recent survey by Deloitte is any indication, risk and compliance should be near the top of the list.
According to a Deloitte survey released on Oct. 1, most C-suite executives would like to place a higher focus on risk and compliance moving forward. 81 percent of those surveyed said they have an explicit focus on managing risk. In addition, two-thirds of respondents said that compliance is a board-level concern and that the CEO, board or board risk committee has oversight when it comes to managing risk.