Page 116 - RISK Management IC86 Ebook

Risk Management

l whose jurisdiction ?
l how will law have changed ?
l how will legal climate have changed ?

n How much do we have (assets) in all ?
l That is our ultimate potential for loss. Liability Risk
relates to
l vulnerable persons or property
l lack of control, non-compliance with procedures
l inability to meet standards or failure to warn
l failure to respond to complaints
l inadequate defense

n Defense against a claim relates to
l quality of records
l awareness of legal situation before, during and after
event
l arrangement and availability of good legal support.

Financial consequences for a wrongdoer

n The financial consequences for legally wrongful conduct
include the following:
a) Costs for complying with injunctions and orders for
specific performance,

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