1.07: Risk Thinking: The new standard for legal and regulatory risk
Published: 06/10/2020 05:45
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The purpose of the new standard ISO 31022 (published in May 2020) is to guide organisations in the management of legal risk in relation to all their operations and activities. It should help organizations meet the legal and regulatory requirements, manage contractual risk, enhance the organisation’s strategic decision-making and improve the organization’s capability of handling complex legal environments. Organizations can use this standard to implement legal risk management process and establish a proper legal risk management framework tailored to their unique situation and needs. The speaker, Dr Sam De Silva, is the Co-Chair of the ISO Working Group which was responsible for the development of ISO 31022 so is in a unique position to explore this new standard with the attendees.