In an AlixPartners survey (Survey) of 1,000 legal and compliance leaders around the world, over 60% of respondents said their organizations are inadequately prepared to manage a range of risks – from a surge in financial crime and corporate litigation to AI vulnerabilities and emerging geopolitical and regulatory hurdles. In this guest article, Susan Markel and Lisa Osofsky of AlixPartners draw on the findings in the Survey and take a closer look at the critical risk areas facing global businesses – including those from AI and regulatory enforcement – as well as high-level best practices for managing them effectively. See “Benchmarking AI Governance Practices and Challenges” (May 7, 2025).