4 DECEMBER2022Editor NoteChief Legal Officers' Evolving Role in Contemporary Business Landscape The legal system forms the backbone of a modern civilized society. But a layman's perspective of the legal world is restricted within the profession's dramatic depiction on celluloid and television. Beyond the stereotypical notion of lawyers embroiled in litigation in court rooms, the legal profession has hugely evolved. The next major stop for legal professionals is the corporate world. With the global economy moving in full swing and being in a constant state of flux, this growth has brought along an increased emphasis on policy reforms to amplify growth while protecting organizations. Although necessary these periodically evolving policies and rules are complex to understand and implement, especially for the business industry. Nobody can really predict when or how global business regulations might change and this puts organizations in a tough spot. In such a scenario, it is the Chief Legal Officers (CLO) who come to an organization's rescue. Part of the c-suite, CLOs are adept at helping businesses navigate through periodic regulatory changes. A CLO bridges the gap between the law of the land and the business; and oversees everyday legal advisory at the company. Acting as the legal compass of an organization, they look after all non-litigious actions such as rendering legal assistance in the areas of documentation, legal structuring, compliance and regulatory issues & policies. With time the role of a CLO has evolved drastically. They no longer play support functions but are embroiled in critical decision-making for business growth and strategy. The role has risen in importance dramatically. However, the challenge of gender disparity remains the same even in the role of the CLO. The need of the hour are structures that support and mentor women leaders to take over decision making roles in the legal fields. We also require role models who can inspire women to aim for the stars. Not only do they act as aspirational figures but also provide a blue print for young professionals in terms of learning and up-skilling. The current edition of Women Entrepreneur magazine shines the spotlight on some of the most prolific women performing the role of Chief Legal Officers across Asia. We hope their success stories inspire you as well. Do let us know your thoughts.Rachita SharmaManaging Editor
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