What is the role of general counsel in managing risk? Aside from legal risk, should they have an advisory role on compliance, reputational risk and operational risk? A senior panel of in-house counsel describe how their businesses manage risk functions

ed-gretton-ccfe-2011-pic-05Ed Gretton (pictured): There is a perception that risk has increased hugely and Hanson, as Hanson plc, previously used to have a wonderful Sarbanes-Oxley programme which many saw as a bunch of very expensive accountants sitting in a room, drinking coffee, charging millions in fees.