GR specialists (Government Relations), who work closely with government bodies and regulators, are steadily gaining prominence. As laws and government regulations become more complex, companies are increasingly viewing GR as a key managerial function.
Research by Baikal Lobridge shows that around 75% of large and medium-sized companies already have GR function.
Today, GR goes far beyond communicating with authorities. Specialists analyze legislative initiatives, assess risks, and help businesses adapt to changing regulatory requirements.
Research by Baikal Lobridge shows that around 75% of large and medium-sized companies already have GR function.
Today, GR goes far beyond communicating with authorities. Specialists analyze legislative initiatives, assess risks, and help businesses adapt to changing regulatory requirements.
“In an ideal model, GR specialists don’t wait for tasks from management. They work proactively: monitoring the environment, identifying risks and opportunities, analyzing early signals, and assessing potential consequences.
They then inform internal stakeholders — from the CEO to other functions — and jointly develop action plans.
GR oversees the big picture: what’s happening in the governmental environment, how it will affect the business, and what decisions need to be made before it’s too late.
That’s why GR is a full-fledged management tool for business leaders, providing early warning, guidance, and protection in an environment where the rules are constantly changing,” says Eduard Voytenko, CEO of Baikal Lobridge.
Read the full Business FM article for more insights.
