Ethics and compliance keep more Chief Legal Officers and General Counsel awake at night than any other issue, according to a global survey.
The Association of Corporate Counsel (ACC) has released its 2016 Law Department Management Report. The report was compiled from a survey of 299 Chief Legal Officers, General Counsel and legal operations professionals from 37 industries across 25 countries.
Asked to choose the top issues keeping them up at night, 71% chose ethics and compliance, followed closely by regulatory issues (70%). Data breaches or protection of corporate data was third, chosen by 59%.
Top issues keeping CLOs up at night
Issue | Proportion |
Ethics and Compliance | 71% |
Regulatory issues/Challenges | 70% |
Data breaches or protection of corporate data | 59% |
Privacy law and regulation | 51% |
Information governance | 50% |
Mergers and acquisitions | 44% |
Litigation | 37% |
Intellectual property disputes | 27% |
Internal investigations | 26% |
Prosecutions and government enforcement | 25% |