Private equity firm, CVC Capital Partners, has changed its legal leadership through the removal of the traditional general counsel role. This came following the stepping down of its long-term GC. CVC is restructuring the position into a chief of legal and compliance officer role. This role has been filled by the head of Allen & Overy’s Netherlands office, Brechje van der Velden. This significant shift points to changing dynamics among legal professionals handling corporate and governance matters within multinationals.Here is the complete article on the changes at CVC.
CVC’s new chief of legal and compliance officer, Brechje van der Velden, is currently the senior partner of A&O Amsterdam. The full extent of her new responsibilities at CVC and how they will diverge from that of a traditional general counsel role remains to be seen. This new development can be part of the evolving nature of corporate legal structures. It seems that large corporations are more frequently adapting the role of the chief legal officer to oversea broader legal and compliance mandates.
It’s important to note that areas of high level corporate legal work – such as governance, compliance, and regulatory affairs – are becoming increasingly intertwined in today’s complex business environment. This could potentially explain CVC’s shift in legal leadership structure.