In-house counsel are under more pressure than ever as organizations face increasing compliance, regulatory, and litigation challenges. As a consequence, the roles and responsibilities of the general counsel (GC) and corporate compliance officer (CCO) continue to expand. At the same time, however, the pressure to increase profits and decrease costs continues to mount. As a result of these competing interests, organizations have begun to consolidate the roles of GC and CCO. That decision, however, should not be made without consideration to the myriad of compliance, litigation, and other risks posed by such a decision.
Defining the “traditional roles” of the GC and CCO