Senior counsel at global companies talk a lot to me about the range of competencies they need to be high-performing legal and compliance chiefs. CEOs and boards of directors around the world are expecting far more of them, and they realize the need to build their skills.

Nothing demonstrates these changing expectations better than the recent promotions of two very competent general counsel: Julie Spellman Sweet of Accenture and Thomas Sabatino of Hertz. In making these executive appointments, their CEOs recognize their contribution and show the essential connection they expect between the general counsel and corporate leadership.