LAW 534 Study Guide - Final Guide: Corporate Social Responsibility, Bp, Cumulative Distribution Function
30 Nov 2017
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Document Summary
The main purpose of this chapter is to demonstrate how to integrate legal principles with risk management. A primary tool that the authors advance for analysis and presentation is using a matrix. Useful-especially for presenting concepts to those unfamiliar with integrating legal concepts with risk management. Txt provides example of matrix planning as applied specifically to bribery offences. At middle of page 7-6. 4, the txt provides a very useful approach towards addressing a specific legal risk. This is about assessing the risk that the business might not comply with the law. Note that it is very well possible that a business might want to go beyond the bare minimum of compliance and exceed those standards for moral /ethical reasons. That is beyond the scope of the analysis presented in the textbook but is a great topic worth investigating (example: corporate social responsibility)
