Should I be worried?
Over the last 15 years, expectations of business leaders have changed because of events like Pike River and the finance company collapses. The leadership-accountability laws now have real teeth. And the regulators are using them!
Getting things right has additional important benefits, like keeping your people and assets safe so everyone can focus on achieving your goals.
Assuming all is good, is bad
Things have changed.
Until recently, many businesses could get away with doing very little when it came to managing
legal risks. Things have changed. CEOs and directors can’t afford to assume everything is ok.
Increasingly the law is requiring directors and business leaders to take an active role in ensuring the business complies with the law. For example, the due diligence duty under the Health and Safety at Work Act.
Do any of the assumptions below sound familiar?
What to insist on?
Get clarity & peace of mind
Directors and business leaders have a core duty to oversee legal risk and compliance. This means getting real clarity that obligations are complied with, and risks identified.
To get clarity and peace of mind, you need clear and reliable answers to the following questions:
- How do we identify the legal duties and obligations that apply?
- How do we know who is responsible for what obligations?
- Are our people clear about what the law requires?
- How do we identify our legal risks?
- How do we track and resolve our outstanding risks?
- How do we keep up-to-date with legal change?
A tool for clarity and keeping you out of trouble
ComplyWith is New Zealand’s most trusted legal risk and compliance tool. It enables your people to clearly understand what the law requires and provides an effective process for identifying and tracking legal risks.
Insisting that your business has properly implemented a tool like ComplyWith is evidence you are taking reasonable steps to oversee legal and compliance risk, and that you are exercising due diligence.