Leblanc Chapter 33 Corporate Governance Ethics Legal Compliance Risk Management Political Q34208598

LeBlanc Chapter 33 – Corporate Governance: Ethics and LegalCompliance, Risk Management, and Political Activities by JohnHolcomb. What are the key measures/indicators of legal complianceand how does the organization identify and ensure

Expert Answer

answer-

1- What are the key measures/indicators of legalcompliance and how does the organization identify andensure

Legal compliance is the process by which an organisation ensuresthat it observes and complies with the external statutory laws andregulations.following are the measures/indicators of legalcompliance.

Firstly, it needs to know what external lawsapply to it.
Secondly, it needs to know what business rules,codes, policies and non-binding requirements apply to it.
Thirdly, it needs to know how to