Ethics and compliance extremely important to CLOs and GCs

Regulatory issues and challenges were ranked a close second followed by corporate data protection

Ethics and compliance extremely important to CLOs and GCs
Chief Legal Offices and General Counsel are very concerned about ethics and compliance, a new study has found.
 
According to the Association of Corporate Counsel’s (ACC) 2016 Law Department Management Report, 71% of all respondents chose ethics and compliance as the issue keeping them up at night, a 5-percentage-point increase from last year’s survey.
 
Meanwhile, 70% of respondents chose regulatory issues or challenges. Next was data protection or protection of corporate data at 59%, up significantly from 42% in the preceding survey.
 
The survey had 299 Chief Legal Officers, General Counsel and legal operations professionals world from 37 countries as respondents. These legal professionals hail from 37 industries.
 
Also of increased concern is privacy law and regulation, scoring 51%, up from the 34% it registered in the 2014-15 survey. Hot on its heels is information governance, introduced as a response category this year, at 50%.
 
Meanwhile, of lesser concern was the category mergers and acquisitions which was chosen by 44% of the respondents and down from 49% in the past year. Litigation was chosen by 37% of respondents to the 2015-16 study, also less than the 41% it tallied in the 2014-15 survey.
 
Next were intellectual property disputes at 27% (up from 24%), internal investigations at 26% and prosecutions and government enforcement at 25% (up from 23%).
 

Related stories:
Lawyers less trusted than regular men and women in the street
Here are the go-to law firms of corporate America in five litigation areas
 

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Authenticity and trustworthiness are critical to professional success, says G+T partner

Global healthcare company receives $1.2bn equity boost with HSF’s help

US bar comments on nationwide protests after George Floyd death

Baker McKenzie’s IPTech team gets an upgrade with new partner

Gadens helps e-sports guru get in the game on $4.2m sale

Slater and Gordon UK looks to embrace the remote work setup after COVID-19

Most Read Articles

HSF pumps up global financial services regulatory team with new partner

Lander & Rogers beefs up technology and digital practice with new partner

COVID-19 and Australian courts and legal bodies updates: 1 June

DLA Piper supports nickel pig iron producer on $231m equity raising effort