“As we see over and over again, the cost of not getting this right can be enormous. Ask BP the cost of not getting risk management and safety protocols right. Or Volkswagen about admissions controls,” David Wilkins, professor of law and faculty director at the Harvard Law School Center on the Legal Profession in Cambridge, Massachusetts, said. “These are not just liability costs, but reputational costs.”
April 16, 2021 at 05:51 PM
1 minute read
The original version of this story was published on Corporate Counsel
CEOs are frustrated. They seek greater transparency from their legal departments to understand and control their risk management programs. General counsel are frustrated in turn: they say they do not have the technology or data to do so, according to an Ernst & Young report published earlier this month.
Sixty-one percent of the CEOs interviewed for the report said they would like their legal departments to take a more data-driven approach to their legal department’s risk management practices.
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