As we approach the second decade of the 21st century, general counsel have an opportunity to reflect. We began the previous decade with a stock market crash and ended it with the greatest global economic crisis since the 1930s. In between, we have seen many companies collapse amid fraud and corruption. We saw the Sarbanes-Oxley Act and other legislation enacted as a reaction to corporate and accounting scandals, including those of Enron, Parmalat, Shell, Tyco, WorldCom and others. The scope of the Foreign Corrupt Practices Act continues to expand, with expectations for huge growth in US and international enforcement of anti-corruption laws.
February 10, 2010 at 06:26 AM
1 minute read
The original version of this story was published on Legalweek
GE Healthcare’s Hassan Hassan outlines the challenges facing the modern general counsel as they confront an increasingly global and risky business environment
As we approach the second decade of the 21st century, general counsel have an opportunity to reflect. We began the previous decade with a stock market crash and ended it with the greatest global economic crisis since the 1930s.
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