2020 - Developing a Framework for Managing Legal Risks Within Your Business

OVERVIEW
Every business faces legal risks and claims every day. Identifying, assessing and mitigating those risks will help avoid potential litigation and other claims that could ruin your well-earned reputation, resulting in significant costs and expenses, and even substantial fines or imprisonment.
WHY SHOULD YOU ATTEND
From slip-and-falls to disgruntled employees to product liability claims, businesses can be vulnerable to claims for compensation. At the least, severe reputational loss can occur even where the claim may be unfounded. This course will help your business to prepare for the worst, by identifying areas where it may be prone to risks and claims.
Preparing a matrix of relevant risks, identifying measures to controls and mitigate those risks, and selecting remedial measures can be of great benefit. By preparing for those circumstances, your business can take proactive steps to avoid problems and concentrate on what is most important to your firm’s objectives.
AREAS COVERED
• What are legal risks?
• How to identify legal risks?
• Designing a legal risk profile matrix
• Measuring legal risk
• Identifying risk and mitigation plan
• Identifying options for remedies of legal risks
• Internal v. external risk management
LEARNING OBJECTIVES
• How to identify legal risks relevant to your operations
• How to quantify risks in terms of probability and impact
• Identifying strategies to mitigate risks and their potential harm
• Developing options for resolving legal claims
• Communications as a form of enterprise risk management
WHO WILL BENEFIT
• Business Owners
• Senior and Middle Management
• Risk Management Officers
• In-House Legal Counsel
• Insurers
• Compliance Staff
• Boards Of Directors
SPEAKER
Kenneth Barden is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform.
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