Get a forward-looking view of the risks that will impact your function over the next two years with our risk hot spots report.
The Legal, Compliance & Privacy Risk Hot Spots report helps leaders make proactive plans to improve:
Adapt your risk management strategies to the ever-changing business environment with these insights.
Legal and compliance executives are facing pressure from all sides on their legal risk management strategies.Changes in the regulatory environment and risk landscape are constant and unpredictable, while businesses are making big bets on digital transformation and renewing focus on innovation. As a result, the consequences of poor risk management strategies are no longer confined to just settlements and fines, but include damage to brand and business growth.
Most organizations have not revisited their risk management strategies to ensure legal support aligns with the needs of a rapidly changing organization. To effectively manage risk in this environment, legal must expand to new risk areas and business strategies while ensuring alignment with the appropriate level of risk tolerance.
Gartner provides the insights, tools and advice legal and compliance executives need to create new risk management strategies that effectively reduce the organization’s risk exposure without limiting the business’s ability to pursue strategy and achieve growth objectives.
Legal and compliance leaders routinely rank risk management strategy as a top priority and a core department mandate. Based on more than 15 years of research, Gartner’s report highlights 10 core risk management principles for general counsel and compliance officers.
Legal departments that are “digital-ready” — properly prepared and positioned to support digital initiatives — can increase on-time digital project delivery by 63% and increase appropriate legal and compliance risk taking by 46%.
Employees who are empowered to manage risks are more likely to act on observed risks, report identified risks and feel confident owning risks. Learn new risk management strategies that shift from prescriptive to empowered risk management.
More than 80% of legal and compliance leaders did not identify third-party risks until after initial onboarding and due diligence. To best manage these risks, make the shift from a point-in-time approach to one that is iterative.
Questions about becoming a Gartner client?
Conquer emerging business challenges faster and more confidently with expert guidance and best practices.
Sonia Galindo, Former General Counsel and Corporate Secretary at Rosetta Stone, describes how Gartner helped the organization strengthen their global risk management strategy.
Gartner is a trusted advisor and an objective resource for more than 15,000 enterprises
Learn more about our legal and compliance research and advisory services designed to accelerate your speed to execution and ensure decision quality.
