LAW 534 Lecture Notes - Lecture 7: Regulatory Compliance, Sears, Ontario Securities Commission

• School: Ryerson University
• Department: Law and Business
• Course: LAW 534
• Professor: Andre Serero

Document Summary

Chapter 7 business theory applied to risk management (pages 7-1 to 7-30) Need to understand the legal principles that apply and also how businesses actually work: this is a real strength of this text! Maki(cid:374)g (cid:272)o(cid:374)(cid:272)epts (cid:449)e(cid:859)(cid:448)e lea(cid:396)(cid:374)t to see ho(cid:449) (cid:272)o(cid:396)po(cid:396)atio(cid:374)s a(cid:272)tuall(cid:455) (cid:271)eha(cid:448)e a(cid:374)d (cid:449)o(cid:396)k. A primary tool that the authors advance for analysis and presentation is using a matrix. The basic idea is to familiarize yourself with the basic technique of how to use a matrix. Particularly useful for presenting concepts to those unfamiliar with integrating legal concepts with risk management. Also important to establish priorities of action. Text provides an example of matrix planning as applied specifically to bribery offences. Key question is how an organization creates a matrix that applies to specific specific legal risk(s) for that organization remember, this is about assessing the risk that the business might not comply with the law.