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Compliance. If the word doesn’t set your heart racing, the consequences of getting it wrong certainly will, as the attendees of this year’s Legal Leaders General Counsel (GC) Forum were inclined to agree.
The conference, brought in partnership with LexisNexis, saw around 50 senior legal counsel come together to consider issues including what the GC’s role is or ought to be in delivering and maintaining a compliant business; how to achieve buy-in across an organisation; and the perennial challenge of stakeholder management.
These themes will be looked at in some detail in a series of blogs over the coming weeks but here are the headline takeaways from what turned out to be a day and a half of truly fascinating and insightful discussions.
A decision making framework is a must
While compliance may look different across diverse businesses and sectors, a good decision making process and framework is non-negotiable.
Peter Neville Lewis, founder of Principled Consulting and one of a four-strong panel considering what ethical compliance means in practice, said: “At the core of getting things right is good decision making. You must ask what decision making framework you have in place in your business. I have never heard a completely satisfactory answer. People can’t articulate how they make decisions.”
Agreeing with him was fellow panel member Iain Larkins, a director at Radius Law who was previously general counsel and chief compliance officer at Mercedes Benz, who added: “A few years
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Since joining LexisNexis in 2009 Sophie has worked on developing our legal and business content for the in-house legal community. She also runs various networking and mentoring groups for in-house lawyers and works with schools to promote social mobility within the legal profession.
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