Why the rule of law helps promote business growth

Why the rule of law helps promote business growth

As a proud member of the Steering Group of Business for the Rule of Law (B4ROL) - an exciting new global initiative which seeks, under the auspices of the UN Global Compact, to engage the business community in championing the rule of law - LexisNexis recently partnered with BAB (British American Business) to host a breakfast seminar on the topic of ‘Global Rule of Law – Growing Your Business Responsibly’.

The briefing was attended by over 60 senior legal counsel and business leaders who discussed the following key topics:

  • How the rule of law helps promote business growth
  • The role of in-house counsel to lead promoting the rule of law in the organisation
  • The key challenges faced by in-house counsel in managing a robust rule of law programme

Joanna Weller, Global Legal and Regulatory Compliance Counsel LexisNexis Legal & Professional moderated the event and was joined by the following panelists:

  • Jeremy Berenzweig, Deputy General Counsel – Business Units & Assistant General Counsel – Engine Business, Cummins
  • Matthew Redding, Director of Joint Ventures and Partnerships, Legal Affairs, EE
  • Bruno Jackson, Director of Customs and International Trade, BT.

Key take outs from the breakfast briefing included:

89% of attendees stated that it is very important or absolutely critical for their organisations to be seen to be promoting the rule of law.

Having certainty of the rule of law and an independent judiciary provided business the certainty and confidence to invest in a country. The costs of compliance can be high, especially for SM

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About the author:
Sophie Gould is the Head of Lexis®PSL In-house. Sophie worked as an in-house lawyer for 10 years including seven years as Head of Legal for Virgin Radio and Ginger Media Group. She has also run a legal risk and compliance training business.


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.