Ninety-five percent of chief legal officers stated their law department insources contract management, according to the ACC Chief Legal Officers 2016 Survey. And this year, contracts saw a big increase in the percentage of individuals who cite this as their primary practice, with 64 percent of respondents identifying it as their primary discipline.
(December 2013) The American Heritage College Dictionary defines the following two terms: Risk (n): The possibility of suffering harm or loss; danger. Management (n): The act, manner or practice of managing; handling, supervision or control. When I put these two terms together, I understand that risk management means controlling the possibility of suffering harm, loss… Continue Reading
Guest Blogger: Mark E. Harrington, general counsel and corporate secretary at Guidance Software, Inc., oversees worldwide legal responsibility for Guidance Software. Before joining Guidance Software, Harrington held senior legal positions at technology companies such as Intel, as well as at the law firm of Munger, Tolles, and Olson. “What you don’t know can hurt you”… Continue Reading
A former ACC Chair once defined a successful conference as one that provided a good idea that you could take home and use immediately to improve your department, business or yourself. The recent ACC Annual Meeting in Denver clearly met and far-surpassed that standard. Below, you will find some ideas and observations that I gleaned… Continue Reading
“Past performance does not guarantee future results.” I thought about this warning commonly seen on mutual fund prospectuses when reading an excellent column by Robert Samuelson in the Washington Post on the dangers of success, “Oil Spill Reveals the Dangers of Success.” Samuelson’s piece provides an excellent corollary to a David Brooks column and risk management… Continue Reading
I just returned from Vienna and the annual conference of our European chapter–ACC Europe. Strategic Risk Management: Art or Science? engaged our more than 250 participants with outstanding speakers from across Europe. The discussions in the sessions and during the breaks were lively and informative. The topics were especially relevant given the recent international financial meltdown… Continue Reading