William Barrett

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Articles

Sustainable Business Practices: Legal Considerations and Opportunities | JD Supra

Dec 23, 2024 | jdsupra.com | William Barrett

Many consumers consider a company’s environmental impact before making a purchase, driving the need for sustainable business practices. Embracing sustainability not only meets consumer demand but also presents various legal considerations and opportunities. Environmental Regulations: Compliance with local and international environmental regulations is essential for implementing sustainable practices.
The Role of Corporate Governance in Risk Management | JD Supra

Dec 10, 2024 | jdsupra.com | William Barrett

It’s evident that effective corporate governance practices can reduce the likelihood of errors and are essential for mitigating business risks. Let’s look at what must be considered when implementing these practices and identifying decision-makers. Board Oversight: Establish an independent board of directors to oversee management and ensure accountability. Risk Management Framework: Develop a comprehensive risk management framework to identify, assess, and mitigate risks.
Data Privacy Laws: Staying Compliant in a Global Marketplace | JD Supra

Nov 29, 2024 | jdsupra.com | William Barrett

Over the last few years, 71% of countries have enacted data protection laws, reflecting the global emphasis on data privacy across industries. For businesses operating internationally, complying with diverse data privacy regulations is of utmost importance. GDPR (EU): Requires businesses to protect personal data and uphold individuals’ privacy rights. CCPA (USA): Even the US state privacy laws are ever-evolving.
Protecting Intellectual Property in the Digital Age | JD Supra

Nov 18, 2024 | jdsupra.com | William Barrett

By 2027, the global cost of cybercrime, such as IP theft, is estimated to reach over $23 trillion (up from roughly $8 trillion in 2022), highlighting the critical need for strong IP protection. However, as technology evolves, safeguarding intellectual property (IP) has become increasingly challenging.
Leveraging AI in Business: Legal Implications and Best Practices | JD Supra

Oct 28, 2024 | jdsupra.com | William Barrett

According to a Gartner survey, by 2026, more than 80% of enterprises will have implemented generative AI, which will have a significant impact on their operations. The aim is to enhance overall business processes and decision-making capabilities. However, integrating AI into business operations comes with significant legal considerations that business owners must keep in mind.
ESG Regulations: Legal Requirements for Modern Businesses | JD Supra

Oct 24, 2024 | jdsupra.com | William Barrett

In 2023, over 76% of the largest U.S. companies identified climate-related risks in their corporate disclosures, a 68% increase from the previous year. These companies publish Environmental, Social, and Governance reports in response to growing regulatory demands and investor expectations.
Going Global: Legal Tips for International Business Expansion | JD Supra

Oct 22, 2024 | jdsupra.com | William Barrett

Venturing into the international market is ideal for business expansion, however, it brings along a myriad of legal hurdles. Review these essential guidelines to ensure that your global expansion is smooth and successful. Each country has its own set of business regulations, including tax laws, employment laws, and trade restrictions. Research your target market to understand any legalities. This helps you anticipate potential challenges and avoid legal issues.
Preventing Employee Litigation: Proactive Legal Strategies | JD Supra

Oct 14, 2024 | jdsupra.com | William Barrett

Every year, Forbes estimates a staggering 36% to 53% of small businesses are affected by business litigation. This statistic highlights the importance of taking proactive measures to set the foundation for a thriving workplace. This not only shields your business from legal troubles but also boosts employee satisfaction and productivity. Don’t wait until it’s too late to protect your business – stay prepared for any legal challenges that may come your way by following these strategies.
Designing Your Exit: Strategic Planning for Entrepreneurs | JD Supra

Sep 30, 2024 | jdsupra.com | William Barrett

As an entrepreneur, planning your exit strategy is as crucial as growing your business, and recent observations by Forbes estimate that only about 30% of business owners successfully sell their businesses. A carefully crafted exit plan can help ensure you achieve your financial goals while maximizing the value of your business. Here are key steps to designing an effective exit strategy. Start by defining your exit goals.
Adapting to New Business Legislation: What You Need to Know | JD Supra

Sep 27, 2024 | jdsupra.com | William Barrett

After surveying compliance professionals across industries, Thomson Reuters found that 76% of businesses in North America and abroad encounter significant legal challenges related to compliance. Additionally, many of these organizations admitted to their lack of confidence in their ability to effectively manage these compliance risks.