Canadian Lawyer InHouse

Aug/Sept 2012

Legal news and trends for Canadian in-house counsel and c-suite executives

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SEVENTH ANNUAL CANADIAN LAWYER INHOUSE/ ACC GENERAL COUNSEL ROUNDTABLE SPONSORED BY: MANAGING RISK IN-HOUSE General counsel play a significant role in managing the risk of the organizations they work for, and have become trusted advisers in the process. I BY JENNIFER BROWN ncreasingly, in-house counsel are playing a larger role in the assessment and continuous monitoring of risk in the organizations they serve. The post-recession hangover of paranoia coupled with increased regulatory require- ments means in-house counsel often have a path beat to their door by those concerned about taking risks in an increasingly risk-averse world. Although sometimes it also depends on your business — in some sectors taking risks is what drives business forward and increases competitive edge. ing how much risk to take to make sure a business is com- petitive yet playing by the rules at the same time. In some cases, risk is episodic, however structured THIS YEAR'S PARTICIPANTS: MARK ADAMS, SENIOR VICE PRESIDENT, GENERAL COUNSEL, AND CORPORATE SECRETARY, AGF MANAGEMENT LTD. MEGAN EVANS, CHIEF LEGAL AND RISK OFFICER, THE HOSPITAL FOR SICK CHILDREN A critical skill in managing business these days is know- discussed at the annual roundtable organized by Canadian Lawyer InHouse in co-operation with the Association of Corporate Counsel. The seventh annual InHouse/ACC General Counsel Roundtable included legal department leaders from a variety of sectors, all with varying degrees of risk to consider in their organizations. This was Veta Richardson's first roundtable as the new president and CEO of the Association of Corporate Counsel. A longer version of this discussion and video coverage of the event is available online at canadianlawyermag.com/inhouse. enterprise risk planning should be a part of every orga- nization. The subject of risk management was the topic NATHALIE CLARK, GENERAL COUNSEL AND CORPORATE SECRETARY, CANADIAN BANKERS ASSOCIATION BRIAN HILBERS, GENERAL COUNSEL, BRUCE POWER AV MAHARAJ, VICE PRESIDENT AND CHIEF COUNSEL, INTERNATIONAL, KELLOGG CO. VETA T. RICHARDSON, PRESIDENT AND CEO, ASSOCIATION OF CORPORATE COUNSEL INHOUSE WWW.CANADIANLAWYERMAG.COM/INHOUSE AUGUST/SEPTEMBER 2012 • 19 SANDRA STRANGEMORE

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