There has been a sharp increase in how often regulatory and legal risk is discussed at board meetings, with 43% of companies discussing the subject at every meeting, up from 23% in 2012, according to the latest Legal Week Intelligence Corporate Risk Benchmarker, published in association with Deloitte. Risk was an ‘infrequent’ discussion at just 18% of companies.
Legal risk was a board issue for 70% of companies with mid-sized turnover (£500m to £1bn) and least commonly discussed at board level at companies with a turnover of £1bn to £5bn (25%).
