Evolving Role Of General Counsel
LawZ Magazine|September 2018

The pivotal duty of a GC here will be to understand the legal implications of GRC at both the strategic and operational levels and guide the organization in a way that helps achieve the greatest value from the GRC strategy.

Subibechana Shaw
Evolving Role Of General Counsel

The in-house counsel revolution which saw its first developments brewing in the late 1970s envisioned a critical role for the General Counsel as a lawyer-statesperson, moving beyond the scope of the law, and including matters of ethics, risk, governance, and compliance. With the increasing scope and power, the General Counsel is now participating in decisions and actions that are not just about risks but also about opportunities, and not limited to the law but also about business.

Evolving beyond the traditional role of a chief legal officer that focused solely on litigation, transactions, cost reductions, legal outsourcing etc. the General Counsel has expanded its responsibility in corporate governance and compliance areas and now play a key role in shaping the significant governance, risk, and compliance (GRC) management policies. It also includes proactive legal risk management and preventive law, making the GC a critical pillar in an organization’s risk management strategy.

Being a part of the core management team, the GC now has to directly work with the board of directors in communicating the daily operations of the company’s compliance programs, while proactively advising on risks and ways to safeguard company profits by exhibiting those proper policies, procedures, and controls are in place to monitor violations. Thus, broadening the role of GC in helping drive risk assessments, policy management, internal investigations, and compliance management.

Esta historia es de la edición September 2018 de LawZ Magazine.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 2018 de LawZ Magazine.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE LAWZ MAGAZINEVer todo
Freedom Of The Press: Print Media Near -Vs- Minnesota
LawZ Magazine

Freedom Of The Press: Print Media Near -Vs- Minnesota

This 1931 case is a landmark judgement highlighting the constitutional protection given to the freedom of the press. 

time-read
4 minutos  |
February 2018
Protection To Woman
LawZ Magazine

Protection To Woman

Well, the Indian Penal code, acts as a sword as well as a shield for the Indian women.

time-read
2 minutos  |
February 2018
Corporate Governance Past, Present & Future In India
LawZ Magazine

Corporate Governance Past, Present & Future In India

While corporate governance may not dictate the economic prospects of developing countries, it certainly plays an integral role in shaping them. Corporate governance deals with the rights and responsibilities of a company’s management, its board, shareholders and various stakeholders.

time-read
8 minutos  |
February 2018
Builders Can't Force Buyers To Go For Arbitration
LawZ Magazine

Builders Can't Force Buyers To Go For Arbitration

It is a well settled law that arbitration agreements do not bar the jurisdiction of the National Consumer Disputes Redressal Commission (‘NCDRC’) and other consumer forums. The issue was, however, reconsidered at length by a Full Bench of the NCDRC, in Aftab Singh v Emaar MGF Land Limited &Anr [Consumer Case No 701 of 2015] in view of the amendments to the Arbitration and Conciliation Act 1996 (‘the Amended Act’).

time-read
3 minutos  |
February 2018
The Unwanted Acid
LawZ Magazine

The Unwanted Acid

Incidents of acid attacks in which the perpetrator throws acid at the face of the victim are on rise. Such acid violence have a specific gender dimension in India as a majority of reported victims have been women. While acid attacks constitute only a fraction of the total number of violent incidents against women, they are among the most horrific examples of brutality inflicted on women.

time-read
4 minutos  |
February 2018
Iran Deal Withdrawal
LawZ Magazine

Iran Deal Withdrawal

WORST DEAL OR WORST MISTAKE

time-read
5 minutos  |
July 2018
Law Regulating
LawZ Magazine

Law Regulating

ELECTIONS IN INDIA

time-read
4 minutos  |
July 2018
Karl Marx
LawZ Magazine

Karl Marx

Karl Marx has been without doubt one of the most influential socialist thinkers till date. Although he was largely ignored by scholars, his social, economic and political ideas gained rapid acceptance.

time-read
3 minutos  |
July 2018
Virtual Currencies In India Journey So Far
LawZ Magazine

Virtual Currencies In India Journey So Far

Bitcoin has been the talk of the market yet has the government report closed the doors to its development. 

time-read
10 minutos  |
LawZ August 2018
Applicability Of GDPR On Goods And Services Offered Over The Websites Outside The European Union ​​​​​​​
LawZ Magazine

Applicability Of GDPR On Goods And Services Offered Over The Websites Outside The European Union ​​​​​​​

Applicability of the EU data Protection laws outside its territory and provision for its intl. avoidance

time-read
3 minutos  |
LawZ August 2018