Oh, little star, forget my wishes, I'm going to get my own private counsel to make sure my butt is covered. I'm doing everything I can do with the resources I have, but I'm not going to jail.
Regulatory mandates have dominated time, energy, and money for many CIOs over the past few years. And while some deadlines have come and gone, CIOs are still nervous about undefined legal areas, or antiquated systems that can't really keep pace, or limited dollars to make needed changes. According to one source close to the subject, CIOs are having to become "minilawyers" themselves. They've got to let their CEOs or their corporate boards know where potential weaknesses still lie. And for some, maybe the best thing to do is to hire their own lawyers to protect themselves. How about you? Are you struggling with compliance issues you thought would be resolved a long time ago?
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