Legal Risk Management

Legal Risk Management in the context of Financial Risk Management involves identifying, assessing, and mitigating potential legal issues that could impact an organization's financial performance. This includes understanding laws and regulations, managing contracts, and addressing disputes that might arise. By proactively managing these legal risks, organizations can avoid costly litigation, fines, and reputational damage, ultimately safeguarding their financial stability and maintaining compliance with applicable laws. It ensures that legal considerations are integrated into broader financial decision-making processes.