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Legal risk is the risk of financial or reputational loss that can result from lack of awareness or misunderstanding of, ambiguity in, or reckless indifference to, the way law and regulation apply to your business, its relationships, processes, products and services.
Legal risk management refers to the process of evaluating alternative regulatory and non-regulatory responses to risk and selecting among them. Even with the legal realm, this process requires knowledge of the legal, economic and social factors, as well as knowledge of the business world in which legal teams operate. [ 4 ]
The International Organization for Standardization (ISO) and its ISO 37301:2021 (which deprecates ISO 19600:2014) standard is one of the primary international standards for how businesses handle regulatory compliance, providing a reminder of how compliance and risk should operate together, as "colleagues" sharing a common framework with some nuances to account for their differences.
Efforts to hold Donald Trump criminally responsible for attempting to overturn the 2020 election were gaining steam, as the former U.S. president prepared to face federal charges in a Washington ...
Trump may escape a New York City criminal probe, but he may now face a more dogged criminal prosecutor in Georgia.
As Trump’s legal problems continue to pile up, the former president has remained outspoken on social media and in public, attacking prosecutors, judges and potential witnesses, all while ...
Governance, risk, and compliance (GRC) is the term covering an organization's approach across these three practices: governance, ... risk, legal, finance, IT, HR as ...
However, some legal risks have general counsels on high alert and, at times, create division between chief diversity officers and chief legal officers. Despite some highly vocal backlash, most ...
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