Law360, New York (February 27, 2017, 3:23 PM EST) -- With the increased popularity of enterprise risk management ("ERM") programs in multinational companies, executives are asking employees to redefine their roles. Unlike traditional risk management methods that are compartmentalized, ERM encourages collaboration among different departments in designing and implementing methods to manage risks. While lawyers and compliance officers are actively involved in managing problems that arise out of risk scenarios, in-house counsel do not see themselves as risk management professionals. ERM and the participation of in-house (including compliance officers) and outside counsel (collectively referred to as "counsel") in identifying and managing threats are compulsory in cross-border investments....