Expounding on legal risk management

Since March 2008, when I last assembled posts on legal risk and risk management, I have expounded on both topics a fair amount (See my post of Nov.15, 2005: legal risk with 7 references, see risk management; and March 23, 2008: risk management with 18 references, see legal risk.).

Several posts look at the role of the general counsel in risk mitigation (See my post of June 10, 2008: four reasons why the general counsel is a good choice to help manage risk; June 17, 2008: embedded risk management overseen by a central risk committee on which the general counsel sits; Nov. 22, 2008: control functions, except risk management, should report to the general counsel; Jan. 2, 2009: BAE Systems’ “Dispute Resolution and Risk Management” group; and May 15, 2009: chief compliance officer’s mandate converted to general counsel’s.).

Other posts discuss legal risk more generally (See my post of Feb. 15, 2009: reducing business risk should not be “critical legal issue facing business today”; June 17, 2009: operational and financial risks outrank legal risks; Aug. 12, 2008: most frequently encountered legal risks for European companies; Feb. 7, 2009: Standard & Poor’s to incorporate legal risk assessments into its ratings; Feb. 9, 2008: explain legal risks and considerations to clients; March 1, 2009: cost-effective compliance risk assessment; May 21, 2009: Nestlés legal group formally assesses risks; and Aug. 13, 2009; risk management compared to compliance, internal audit, and legal.).