Posts in Compliance & Risk
What Does “Legal Risk” Mean?

Defining “legal risk” is tricky. Risk management professionals disagree as to whether the risk that a company would breach anti-corruption laws constitutes a legal risk: some say it does, because a law would be breached, while other say it does not, because the breach as such is not a matter of law but a matter of behavior (so it should belong to the category of governance risk, or operational risk, or whatever).

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