To many legal and compliance professionals, risk assessments are bureaucratic paperwork for regulatory reporting and corporate defence.
Clearly, it is not adding any value for deciding the allocation of resources and controls in the ethics and compliance programs. The consequences of siloed and biased assessments can be fatal for the organization, and also, for the careers of the legal advisors and compliance officers. By identifying sources of internal and external data and using these sources for decision-making, better strategies can be develop to prevent litigation and breaches or offering new services.
This presentation will allow to improve your techniques to better use data to assess compliance and legal risks for regulatory and contractual requirements. You will learn how to perform smart quantitative analyses for managing penalty risks in a business case based on a concession contract.
Check out other decision making books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
