Bond Pearce’s Nathan Peacey and Jon Cooper on how GCs can turn risk avoidance to competitive advantage
Traditional thinking considers compliance to be about avoidance. But surely the concept has a wider definition? It encompasses corporate governance, the impact of new/changing legislation and the legal and commercial dangers of non-compliance – key areas of risk that businesses need to embrace in an increasingly competitive commercial environment. That is why ‘risk’ has become an agenda item at board meetings throughout corporate UK and, increasingly, why it has become part of the in-house counsel remit.
