Corporate legal departments are increasingly prioritizing regulatory changes over tariffs as the primary risk to monitor, according to the Q2 Business Risk Index conducted by Corporate Board Member in collaboration with the Diligent Institute. The study highlights that 65% of general counsel, chief legal officers, and corporate secretaries now identify regulatory shifts—especially those related to consumer privacy, AI, tax, and trade—as their top concern. This surpasses concerns about tariffs, geopolitical tensions, and inflation.
The regulatory environment is becoming complex and unpredictable, complicating corporate decision-making. Some legal leaders note that the current administration’s efforts to reduce regulatory burdens have inadvertently caused confusion. To mitigate these risks, 51% of legal teams are enhancing their involvement with leadership and boards, updating risk management frameworks, and utilizing AI tools for real-time data and risk analysis. However, there remains skepticism about the effectiveness of AI in these roles.
For detailed insights, visit the original article.