Legal Risk Management
Legal Risk Management is the systematic process of identifying, assessing, and mitigating legal risks, alongside clearly communicating them, in order to safeguard the organization against potential legal penalties and reputational harm, thus ensuring compliance with relevant laws, regulations, and ethical standards.
Level 1: Emerging
At an emerging level, you are gaining familiarity with legal risk management processes. You're beginning to identify potential legal issues and learn risk mitigation strategies within your organization's context.
Level 2: Proficient
At a proficient level you are able to assess, mitigate, and manage legal risks effectively within the organization, ensuring compliance with laws and regulations to protect the company's interests.
Level 3: Advanced
At an advanced level, you are able to expertly identify, assess, and mitigate legal risks within the organization, ensuring compliance with laws and regulations while strategically managing potential liabilities.
