Global News
Exterro Inc. and the Association of Corporate Counsel announced the release of the 2020 Corporate Legal Leaders Survey. Partnering with Today’s General Counsel, this report surveys 153 legal department heads to gain insight into how they’re working with other departments to overcome enterprise risks stemming from new data privacy regulations and the proliferation of data.
“This report takes a closer look at the converging priorities among enterprise Legal, IT, Security, Privacy, and Compliance departments—and in particular, how Legal leaders collaborate cross-departmentally to mitigate risk across the organization,” said Chief Marketing Officer Bill Piwonka. “Given the reality of today’s regulatory environment, different business units are no longer able to silo themselves; rather, it’s critical that they come together to implement an effective and efficient risk mitigation program.”
The 2020 Corporate Legal Leaders Survey shows that Legal leaders now feel that it is incumbent upon their department to quarterback the increasingly-complex compliance efforts between departments. This was evidenced by the following:
“Many GCs and CLOs are now seeing the importance of a comprehensive data management strategy throughout the organization—and they have the ear of the CEO now more than ever,” said Piwonka. “With data privacy regulations becoming a larger concern—and not just for large global enterprises anymore—it’s no surprise that nearly 100% of respondents acknowledged the importance of having such a policy in place, despite that only 1-in-5 actually do.”
Download the full report here.
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