Complying with growing global regulatory complexity represents the biggest legal threat to businesses, according to the 2023 State of the Corporate Law Department report from the Thomson Reuters Institute. The report found that 28% of global law departments cite frequency and complexity of regulatory changes as the biggest anticipated risk to their business. Legal Current …
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compliance
Exclusive, Invitation-Only: Big Data Collides With Big Compliance
Compliance and Legal functions wrestle with an unprecedented level of issues ranging from data breaches to government investigations, to uncovering potential smoking guns within company e-mails. Yet these risk mitigation efforts are often under-funded, under-appreciated, and under-equipped to handle modern day challenges. And while compliance executives are trying to get their arms around the data …
- November 23, 2015
- Jeff McCoy
ACCAM15 – Similarities and Differences: In-house Counsel and Chief Compliance Officer
There are many differences between the roles of in-house counsel and chief compliance officer, but for the majority of in-house counsel, you can almost guarantee some lost sleep from worrying about compliance. At the Association of Corporate Counsel annual meeting, a session titled “Role and Responsibility of the Chief Compliance Officer” discussed many of the …
- October 21, 2015
- Jeff McCoy
Thomson Reuters Expands its Legal Managed Services Business with New Office in Minnesota
EAGAN, Minn. – Among all the trends reshaping the legal marketplace, perhaps the area of greatest change involves the growing use of managed services providers to perform an expanding set of tasks traditionally done by law firms and corporate counsel, but with greater efficiency and at a lower cost. To support the growing demand, Thomson Reuters, …
- October 15, 2015
- Alex Cook
The Volkswagen Emissions Case Elevates Compliance to the “Front Office”
Recent reputational scandals have thrust corporate compliance into mainstream conversations around water coolers and in break rooms worldwide. The revelations about Volkswagen’s purposeful manipulation of software to circumvent emissions requirements underscores the importance compliance plays in day-to-day operations and how it must be moved from the “back-office” to the “front office.” Wherever the pieces ultimately …
- September 28, 2015
- Alex Cook
David Curran in Metropolitan Corporate Counsel: Strategic risk mitigation
This article was written by David Curran, global director of Risk and Compliance at Thomson Reuters, and was featured in this month’s issue of Metropolitan Corporate Counsel. Recent news headlines share common themes and raise cautionary flags for harried legal, risk and compliance professionals: The 2014 Nobel Memorial Prize in Economic Sciences was awarded to …
- October 21, 2014
- Susan Martin
Evolution of the chief ethics and compliance officer
During the 2012 Global Ethics Summit, Scott McCleskey, global head of financial services regulation, Thomson Reuters Governance, Risk & Compliance, served as the moderator for a panel discussing the evolution of the chief ethics and compliance officer. The panel featured a group covering multiple industries and years of experience, including: Elliott Fisch, director-internal audit and chief …
- March 21, 2012
- Jeff McCoy
Cost of compliance growing
Compliance teams are being stretched to the limit as they try to keep up with the growing demands of global regulation, according to a new survey by Thomson Reuters Governance, Risk & Compliance. The survey of more than 500 compliance professionals at financial services companies around the world found that: – 84 percent of compliance professionals expect …
- March 13, 2012
- Jeff McCoy
