Empowering the Legal Department by embedding GRC Management Principles

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The General Counsel’s Role in Protecting Corporate Reputation Date: Wednesday July 25, 2012 Time: 9 am Pacific \| 12 pm Eastern Duration: 1 hour

Warren Buffet famously said, "It takes 20 years to build a reputation, and five minutes to ruin it." Today, his words continue to ring true, especially with increasing instances of fraud, information security breaches, unethical behavior, product recalls, and other internal and external risks. The recent economic crisis demonstrated how the credibility of some of the most revered global companies can be lost in an instant. According to Willis Group Holdings, the global insurance broker, a staggering 95% of major corporations have suffered at least one major reputational crisis in the last 20 years.

In this high-risk business environment, the General Counsel plays a critical role in anticipating and mitigating legal risk, identifying reputational issues, and acting as an advisor to the CEO. Ensuring regulatory compliance - a task that was once the sole responsibility of the Chief Compliance Officer - has also become part of the General Counsel's functions.

Meanwhile, organizations are increasingly looking to gain market share and surpass the competition. This, in turn, is leading them to expand across multiple geographies, and grow their resource base. What lies behind are the increasing risk of regulatory violations, unethical sales and marketing practices, and violations of HR practices. It is crucial for the General Counsel to continuously monitor these factors, and take them into consideration while developing a legal risk mitigation strategy, and preventing loss of reputation.

Having a robust legal governance program in place enables the General Counsel to always stay one step ahead of legal and reputational risks. It also reduces the cost of legal matter management and exposure to lawsuits, regulatory fines, and penalties.

Join Michael Rasmussen, Compliance and Risk Advisor at Corporate Integrity and Gaurav Kapoor, COO at MetricStream on this MetricStream hosted webinar that will discuss:-

The current business and risk environment that organizations are situated in
The importance of the General Counsel's role in protecting organizational reputation
The core elements of a Legal Governance program
The role of technology in enabling effective Legal Governance

Panelists

Michael Rasmussen - Risk & Compliance Advisor, Corporate Integrity
Mr. Rasmussen is the authority in understanding Governance, Risk, and Compliance (GRC). He is a sought-after keynote speaker, author, and collaborator on GRC issues around the world and is noted for being the first analyst to define and model the GRC market for technology and professional services. With more than 15 years of experience, Mr. Rasmussen's objective is to assist organizations in defining GRC processes that are sustainable, consistent, efficient, and transparent.

In June 2007, Treasury & Risk recognized Mr. Rasmussen as one of the 100 most influential people in finance with specific accolades noting his work in "Governance and Compliance: Saving the Planet and the Corporation."

Gaurav Kapoor - Chief Operating Officer, MetricStream
As Chief Operating Officer of MetricStream, Mr. Kapoor has overall responsibility for Sales, Marketing, Customer Advocacy and the Partner Ecosystem. Until 2010, he served as the CFO of the company and the General Manager of GRC. He has held various positions at MetricStream since inception and has been instrumental in shaping key strategic initiatives that have helped MetricStream become a global leader in Governance, Risk and Compliance (GRC). During his tenure, he has led MetricStream's financial strategy as well as Sales, Marketing and Partnerships. He founded ComplianceOnline.com that has grown to become a leading online GRC community and content property. Mr. Kapoor spent nearly a decade in marketing, finance & operating roles with Citigroup. He is a thought leader in the GRC space and is a regular speaker at key forums like the IIA, Ops Risk, PRMIA, ISACA among many others. He also works closely with federal and state policy makers and serves on advisory boards of other technology and media companies.

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Empowering the legal department by embedding Governance, Risk, and Compliance Management principles

The General Counsel’s Role in Protecting Corporate Reputation