This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

General Counsel Survey 2012

Risky Business


DOWNLOAD  

Deloitte Forensic in the UK partnered with Legal Week Intelligence to conduct a survey that considers the increasing significance that companies are now attaching to risk and compliance. The survey includes feedback in the drivers for this trend and the practical steps companies are taking to effectively manage this issue.

The survey results reflect the widely-held view that the main factors driving the risk and compliance agenda are the increasing volume and complexity of regulatory and legal obligations as well as continued expansion into emerging markets. Over 70% of respondents indicated that regulatory and legal risks are frequently discussed at board meetings. In light of this it was somewhat surprising that less than half the respondents had in place a documented incident response plan.

Further findings included:

  • 47% of respondents have regular internal risk audits while 13% have regular external risk audits
  • 36% of respondents have a board level risk committee
  • 38% of respondents have a regulatory and legal risk register
  • 55% of respondents have increased their legal and compliance headcount
  • 44% of respondents expect the GC to take responsibility for internal investigations

 

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see “About Deloitte” for a more detailed description of DTTL and its member firms.

Get connected
Share your comments

 

More on Deloitte
Learn about our site