We believe Legal Compliance Management is not about managing compliances, it is about using compliances as a yardstick to measure and manage business risks.
Improving effectiveness in terms of Key Responsibility Areas, Performance Indicators and develop processes to continuously monitor critical compliance areas has become a priority for organisation’s.
The Board and senior management would require clarity in terms of information to cultivate the most robust line of defence.
Legal Compliance Management provides a tool to set standards and accountability in the performance of compliance tasks. It replaces the reliance placed on individuals to reliance on systems. It will reduce recurrence cost of non-compliances.