A McKinsey Global Survey on “Managing Government Relations for the Future” shows that governments and regulators are second only to customers in their ability to affect companies’ economic value, with most executives in developed economies expecting external-affairs issues to decrease operating income (53% of North American executives.) Two-thirds of executives say companies in their industries should engage with governments and regulators proactively and regularly, regardless of immediate interest, but less than half say their companies actually do.
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