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0 reviewsISO (the International Organization for Standardization) is a worldwide federation of national standards bodies (ISO member bodies). The work of preparing International Standards is normally carried out through ISO technical committees. Each member body interested in a subject for which a technical committee has been established has the right to be represented on that committee. International organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization.
Organizations operate in a complex environment with a variety of legal risks. Not only are organizations required to comply with the laws of all the countries within which they operate, legal and regulatory requirements can vary between different countries, strengthening the need for organizations to understand and have confidence in their processes. Organizations need to keep pace with legal and regulatory environment changes and review their needs as new activities and operations are developed. Organizations face considerable uncertainty when making decisions and taking actions that can have significant legal consequences. The management of legal risk helps organizations to protect and increase value.
This document provides guidance on activities that support organizations to manage legal risk efficiently and cost effectively to meet the expectations of a wide range of stakeholders. By developing an improved understanding of the external and internal legal context, organizations may be able to develop new opportunities or improve operational performance. However, failure to meet the requirements and expectations of stakeholders can have considerable and immediate negative consequences that could affect an organization’s performance and reputation and might lead to criminal prosecution of top management.
