Internal controls and approval processes can be a huge time suck for General Counsel and their teams, and a huge area of frustration for business colleagues. Too loose and the business can be committing itself to risky decisions made by the wrong people and possibly be in breach of governance documents such as Shareholders’ Agreements of Articles of Association. Too tight and legal can end up snarling the business in bureaucracy and encouraging colleagues to go around legal.
Emma Jelley is joined by Paul Massey (former General Counsel of Crowdcube, and Founder of Legal Tech tool Tabled) and Sam Ross (General Counsel at ComplyAdvantage) who discuss auditing legacy control processes, getting the right balance, and communicating the message. Watch out for pro tips such as designing a low risk documents policy or teaming up with the finance function to run internal training.