From Legal Compliance to Cultural Competitiveness: The Role of the General Counsel in Risk Management

June 2010Management Industry

Abstract

Reports of spectacular malfunctions at well-known international companies keep hitting the headlines. When we use the word ‘malfunctions’ in this context, we do not mean incidents caused by technical failure or force majeure, such as railway accidents, aircraft crashes or breakdowns of industrial machinery. The focus is rather on the never-ending announcements such as “Profits Plummet as Company A Fined for Restrictive Practices” or “Company B Paid Billions in Bribes.” Current and past events in the banking industry worldwide also raise the question as to why things keep going wrong in areas where the intrinsic risks and perils are or, at least, ought to be known and to be avoided or at least managed.

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In-house legal departments serve as the company’s guardians of risk mitigation and internal regulations, balancing the boundaries set by applicable laws and the company’s individual risk portfolio with the company’s...Read more

Svenja Partu

General Counsel, thyssenkrupp Polysius GmbH, Germany

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I have served in three general counsel roles in different industries over the past 27 years, including most recently for two decades with CF Industries (NYSE:CF). CF is an international...Read more

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In-house counsel play a crucial role when developing and managing a company’s intellectual property portfolio. For example, through leading in the development and management of an effective and robust intellectual...Read more

From Legal Compliance to Cultural Competitiveness: The Role of the General Counsel in Risk Management

Abstract

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