Page 1

Suzanne Rich Folsom Elaborates on the New Global General Counsel See that C-suite gal (or guy)? She’s the company general counsel … and her job doesn’t look anything like it did a few decades ago. “As the role of chief legal officer has been transformed, legal officers, in turn, have had a trans-formative effect on their corporations,” writes veteran General Counsel Suzanne Rich Folsom in Ethisphere Magazine.

And in-house counsel will continue to take a more prominent seat at the decision-making table, Suzanne Folsom predicts. No longer will the legal department be viewed as the department that exists to say no to every business opportunity (“We can’t do the deal, and here’s why … enumerates long list.”). Briefly, here’s how that happened. Flash back to the 1980s, when global competition began to heat up. Fast forward to the 21st century and, among other things, the 2008 financial crisis, with ensuing questions to corporate leadership and boards about compliance and controls. The ever-evolving outcome? Today’s legal counsel/business partners are seen as valued risk managers – not avoiders – who must proactively ask, “Given the potential benefits, is the risk worth taking?” They also understand that compliance is a prerequisite to profit. Legal/ethical overseer AND growth partner – it’s a good gig.


Visit https://blogs.wsj.com/corruption-currents/2013/02/20/a-day-in-the-life-suzanne-folsomof-academi for more information about her.

Suzanne Rich Folsom elaborates on the new global general counsel  

Attorney and innovator Suzanne Rich Folsom has a reputation for solving complex business problems and building consensus with utmost integri...

Suzanne Rich Folsom elaborates on the new global general counsel  

Attorney and innovator Suzanne Rich Folsom has a reputation for solving complex business problems and building consensus with utmost integri...

Advertisement