At the very time federal and state policies assume growing sway over health care and other U.S. industries, the latest McKinsey Quarterly includes results of a survey of global executives that raises questions about the corporate government affairs function.
A couple of snippets:
"[F]ewer than 30 percent of the executives responding said that their external-affairs groups had the organizational setup and talent necessary to succeed."
"Only about 20 percent of executives reported frequent success at influencing government policy and regulatory decisions—a proportion that has not increased in the four years we’ve conducted the survey."
The full McKinsey piece is here.