Economic environments, globalization, mergers, governance concerns and business competition influence the way the legal function is seen, used, and led. Whether due to proactive strategic vision or reactive necessity, CEOs are embracing the untapped potential of the legal function and promoting the general counsel to business partner.
The HR function is in a state of transition caused by the increasing pressure to identify and develop next-generation leaders, the growing globalization of businesses and talent pools, and the CEO’s requirement that HR be more strategic and relevant to the business as a whole. As HR seeks to meet these demands, others have questioned its effectiveness.