In the recent In-House Connect webinar “Who Should the GC Report To? Navigating the Pros and Cons of Reporting to the CEO, CFO, and Other Executives,” a panel featuring Meg Kammerud, Mark Kahn, Eleanor Lacey, and Akshay Verma provided invaluable insights into the critical issue of reporting structures for general counsels (GCs). The session focused on the strategic considerations and organizational dynamics that come into play when determining who the GC should report to.
Here are the five key takeaways from the webinar:
- Presenting Solutions and Building Communication Lines
Leaders in legal roles should focus on presenting potential solutions and innovative ideas, not just identifying problems. Establishing strong communication channels across teams is essential for showcasing value in an executive role. This proactive approach promotes collaboration and builds a reputation as a problem solver within the organization.
- Importance of Titles and Reporting Structures
Titles such as head of legal, general counsel, and chief legal officer have different implications. These titles should be carefully considered in relation to the organization’s goals. Clear understanding of the role’s scope is vital to aligning expectations and ensuring that the title accurately reflects the responsibilities and influence of the position.
- Learning from Reporting Lines
The individual to whom the general counsel (GC) reports can significantly impact their effectiveness and growth. Learning from the reporting executive, whether it’s the CEO, CFO, or another leader, is crucial. Gaining insight into the financial and business aspects of the company enhances the legal team’s ability to contribute to broader organizational goals.
- Seat at the Executive Table
Having a seat at the executive table is essential for a GC, regardless of the reporting structure. Legal issues affect all areas of a company, making it important for the GC to be involved in top-level decision-making. Demonstrating business acumen and understanding the company’s needs can help secure and maintain this strategic position.
- Navigating Organizational Dynamics
Understanding the political power dynamics within an organization can greatly influence reporting lines and the overall impact of the GC. Navigating these dynamics and managing perceptions effectively can significantly enhance the GC’s effectiveness. Building trust and maintaining strong professional relationships with various executives is key.
The webinar provided insightful discussions on the complexities of determining the appropriate reporting structure for GCs. By emphasizing solution-driven leadership, understanding the significance of titles, learning from reporting lines, securing a seat at the executive table, and navigating organizational politics, GCs can strategically position themselves to add maximum value to their organizations.
Missed the sessions? You can watch it now via IHC On-Demand!
