Every organisation of every size and type must operation in accordance with strict legal requirements and regulations. At some level therefore, every business is fundamentally controlled by politicians and governments. Political risk is classified as any risk faced by an organisation related to political decisions, events or unrest. Political risk is largely beyond the control of most organisations, hence the importance of considering and planning for every eventuality. In addition, a business rarely has any say in the laws it must obey and the regulations it must follow. Legal and political risk management can help ensure an organisation operates safely, legally and with long-term stability.
This targeted tutorial has been designed for senior managers, business owners and anyone involved in risk management at any level. Explore the various benefits of legal risk management, along with LRM strategy implementation and political risk. Additional sub-topics introduced include criminal liability in business, contracts and contract types, computer misuse, misleading price indications, false trade description of goods and more.