The largest regulatory fine leveled against a company since the General Data Protection Regulation was enacted in May 2018 is poised to reshape business compliance practices across industries. In late January, CNIL fined a big-tech giant nearly $57 million, citing what the French data-protection regulator saw as failure to meet the core requirements of informed consent under GDPR. As the decision goes through appeal, the debate is far from settled about what constitutes informed consent in personal data collection. Nor will the scythe cut only the tallest grass. Read the full report.
Category Archives: General Counsel
A new study finds chief legal officers under increasing pressure because of regulatory and technological change to provide greater input into corporate strategy. Surveying more than 1,600 chief legal officers in 55 countries, the findings highlight the increasingly close collaboration between legal heads and the CEOs and boards of nearly all Fortune 500 companies. The same reporting arrangement, however, characterizes only about 78 percent of the largest corporations worldwide, the study found. Read more.
Corporate culture and regulatory compliance will continue to dominate counsel concerns as the year gets underway. From GDPR to California Senate Bill 826, these wide-ranging measures will remain critical for general counsel and corporate boards to navigate, experts say. Read more.