As regulatory shifts grow more unpredictable, corporate legal departments are stepping up their role in risk management — even as many feel they’re navigating in the dark. Their top concern? A surge in new — and often conflicting — regulations spanning everything from consumer privacy and AI governance to tax and trade.
Trudy Knockless
As regulatory shifts grow more unpredictable, corporate legal departments are stepping up their role in risk management — even as many feel they’re navigating in the dark.
The Q2 Business Risk Index, conducted by Corporate Board Member in partnership with the Diligent Institute, found that 65% of general counsel, chief legal officers and corporate secretaries now see regulatory change as the top risk facing their companies — outpacing even tariffs, geopolitical tensions and inflation.
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A recent decision from the U.S. District Court for the Southern District of New York (SDNY), United States v. Heppner, has generated outsized commentary suggesting that the use of generative AI tools may jeopardize attorney-client privilege. A closer reading shows something far less dramatic.
