The Big White Elephant: "Contract Management state of mind and road forward"

Martin Lonstrup, Senior Legal Advisor & Compliance, Maersk Group, USA

I have worked in in-house legal departments as an in-house lawyer for almost 10 years in various industries both on the customer side as well as the supplier side mainly within procurement and was actively involved in kick-starting Contract Management as a discipline in Denmark with the establishment of the Danish Contract Management Association, closely linked to the global organization within the area of Contract and Commercial Management, IACCM. Contract Management has developed significantly over the last 3-5 years and is today a well-known discipline, widely referenced and used by companies and practitioners globally but what is the state of mind for Contract Management, how far have we come in actually implementing Contract Management in organizations? In order to answer that question is it first of all necessary to look into the definition of Contract Management.

Martin Lonstrup is a Danish Lawyer, having worked with contract management and legal for the last 8 years, founded the Danish Contract Management Association (DCMA), former Chairman of DCMA. Worked in various related role from Head of Legal, to Legal Coun

Maersk Group is a worldwide conglomerate. We operate in more than 130 countries and employ roughly 88,900. In addition to owning one of the world’s largest shipping companies, we’re involved in a wide range of activities in the transport, energy, logistics, retail and manufacturing industries. Read more about Maersk and our business units on www.Maersk.com The Maersk Group Values As members of the Maersk family, all Business Units and employees are encouraged to live by the values of the Group: Constant Care: Take care of today, actively prepare for tomorrow Humbleness: Listen, learn, share, and give space to others Uprightness: Our word is our bond Our Employees: The right environment for the right people Our Name: The sum of our values, passionately striving higher These values symbolize Maersk’s heritage and act as the founding element of the company.