Compliance with law is the minimum guarantee provided by a well governed company. To address this, companies have to regularly assess the level of compliance and risk associated with failure to comply. The assessment should not only be in terms of impact of non-compliance on the company but also act as an analysis of the reasons for compliance failure. On an average there are at least 60-80 laws applicable to a factory whereas 20 to 30 laws applicable to an office or retail space. In each law there is an average of 10 compliance tasks. Therefore, managing 1100 compliance requirements across various locations through the limited resources and strengths of a centralized legal cell in a company is arduous. Line managers in operations, assigned to manage compliances, are ill equipped to react to changing compliance scenarios. 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. 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. Is this your current state? You want an expert Legal Compliance Management Service provider to give you assurance on function to add value to your organisation You want to develop necessary skill sets for your Legal Compliance professionals and train them in best practice legal compliances techniques Your Legal Compliance Department lacks the focus to cover the right risks and support your organization in meeting processes and controls for effectively managing your business risks You want to improve and increase the effectiveness and efficiency of the Legal Compliance Management its corporate objectives You are looking at supplementing your in-house Legal Compliance team with specialist skills Your Legal Compliance function has insufficient resource to cover the geographical spread of your organisation Your systems, procedures and risk management practices are not formalized and inconsistent across the organisation You want to assess the level of legal compliances along with associated risk in the organisation. How we can help you? Design Legal Compliance system to measure compliances and manage business risks. Designing of MIS so as to ensure accountability of compliances across all Business units through monthly reporting formats and report. Design Legal Compliance System to set standards and accountability in the performance of compliance tasks.Design Legal Compliance system so as to replace the reliance placed on individuals to reliance on systems. It will reduce recurrence cost of non-compliances. Assessment of Current Compliance Structure and supplementing the company’s legal team with required resources who will help is assessment of compliances across different units of the entity.Conducting Legal Risk Assessment Audits to know the current compliance status in the company and associated business risk and advice on ways to manage that risk.
