General counsel concerns mount on the effects of the regulatory environment and cybersecurity on business.

1. Corporate counsel say regulatory
climate is bad for business
Learn more about the issues corporate counsel are facing. Read the survey report at grantthornton.com/cgcsurvey
Regulatory efforts have a major impact on the business
The burden of the regulatory environment
Concerns mount as resources are diverted from regulatory efforts
and core business to address cyberrisks.
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69%
make it harder
to do business
39%
diverted resources from
core competencies
29%
decreased profits
Businesses are changing to manage regulatory risk
70%
strengthened policies
and procedures 60%
increased education
and training
41%
engaged outside
consultants
Corruption/bribery Cyber and data privacy risk
21%
Increased Stayed the same Decreased
68%
1%
Not sure
10%
69% 23%
0% 8%
Change in time and resources
Top actions taken to mitigate cyber and data privacy risk Despite all the efforts on cybersecurity, corporate counsel remain
unconvinced that their companies are prepared for a breach
Added data security measures 67%
Prepared policies and procedures 59%
Conducted training 59%
Identified sensitive/private data 50%
Employed outside consultants 45%
Very well prepared 17%
Somewhat prepared 58%
Somewhat unprepared 12%
Very unprepared 8%
Focus on cybersecurity
Corporate counsel say they have increased time and resources devoted to
cybersecurity risk, while few have increased focus on corruption and bribery “ As cybersecurity and data privacy climb the
regulatory oversight ladder, it is clear that these
risks are a top concern for corporate counsel. The
trick is going to be in managing that growing risk
while maintaining focus on regulatory risk, which is
already impeding companies’ ability to do business.”
Brad Preber
National Managing Partner, Forensic and Valuation Services