Legal and compliance risk management
Corporate compliance has continuously grown over the years, initially with emergence of public
safety organisations and of late incorporation of internal compliance function within organisational
structures.
Compliance risk has become a distinct risk class requiring dedicated resources, program design,
and oversight by senior management. Corporations perpetually struggle to stay compliant with the
ever-increasing complexity of laws, rules, and regulations. Board of directors that fail in their
oversight role may be subjected to litigation. Governance, risk and compliance issues have
become so critical to the going concern aspect of free enterprise. The USA legal system set the
precedent on Enron with the prosecution of corporates and individuals for acts that were interpreted
as unethical and illegal only after the fact.
Governance risk and compliance values change in line with the public's idealistic views. The shifts in
views set the tone for acceptable values and standards. With GRC practitioners the answers are
not always in law books but exist beyond the words of law. It is from this background that this
workshop was designed, to look at new ways to address daily compliance puzzles.
In today's highly regulated business environment, corporations are required to comply with a multitude of global regulatory mandates and internal policies, including privacy, ethics, industrial and process regulations. Regardless of the scope of an organsation's compliance culture, similarities in regulations create overlapping management, documentation and audit demands, which often overwhelm efforts to effectively identify and manage compliance risk. Putting a framework into Practice A risk intelligence framework holds that risks, including legal risks, extend across the enterprise and should be viewed and addressed across organisational silos. Legal experts have the enterprise-wide perspective needed to use this approach effectively with regards to legal risks. Risk intelligence also holds that risks are interrelated and interactions among risks can amplify risk. A series of specific tasks can help to put the principles of a risk framework into action within an organisation, although they may vary depending on how the organisation identifies and assesses legal and regulatory risks.
BizStrat's Legal Risk Management and Compliance Master Class provides legal professionals a strategic platform to engage in dialogue and
significantly reduce their reliance on ordinary procedure, gain greater visibility and will empower delegates to profile their enterprises with the
latest developments in legislation and regulations and the impact it has on their business operations.
Please note this Masterclass will be accredited for CPD points
Date: 25 June 2015 to 26 June 2015Time: 07:30 - 04:30
Venue: Indaba Hotel Fourways, Sandton, Johannesburg