X
Feedback
Man at Window

Top Insights for the
World's Leading Executives

Compliance & Legal

The new work environment—defined by rapid pace, collaborative decision making and technological advances—has created increased potential for enterprise risks.

In particular, legal executives are faced with a staggering number of employees who make decisions while unaware of the critical legal implications. And privacy executives are working to control unintentional internal errors leading to privacy failures. At the same time, compliance executives are dealing with an influx of third-party networks which leads to significantly higher compliance and reputational risk.

The Privacy Danger Within

Situation

Privacy- and technology-related risks are increasingly the top-level concerns for senior executives and boards of directors.

Insight

Privacy failures disproportionately result from employee errors and weak processes, even compared to outsiders with malicious intent. Privacy must rethink how it addresses the risk of privacy failures, as limited focus on process governance and training increases risk.

Potential

Fostering a well-equipped and savvy workforce protects a company’s data from the inside out, ultimately reducing the risk of controllable failures.

Legal Risk Management

Situation

In today’s complex business environment, organizations are moving at a more rapid pace. In addition, Legal is being asked to partner with an extended group of decision makers across the enterprise who are creating legal risk exposure. These changes force general counsel to balance their organization’s growth objectives with legal risk implications.

Insight

Changes in corporate decision making render Legal’s relationship-based service model unsustainable. Today, middle managers—not executives—make the majority of decisions with legal implications. They vastly outnumber legal staff, are more geographically dispersed, and expect swift issue resolution.

Potential

Legal teams that build scalable strategies for identifying and managing legal risk are more efficient and have greater influence in their organizations.

Third-Party Risk Management

Situation

As companies expand, their third-party networks continue to become larger and more diverse, creating significantly greater compliance and reputational risk. Compliance teams must manage these third-party risks while enabling rapid decision making and the achievement of business goals.

Insight

To manage this risk properly, Compliance must evolve its approach to not only establish risk-based processes but actually reduce the internal cost of third-party compliance. Compliance teams need to become Business Accelerators.

Potential

Best-in-class Business Accelerators achieve greater process adherence, and they have more influence over business decisions with reduced costs and time spent on third-party risk management.


Contact

+1-866-913-2632