The biggest legal risks to your business (and how to avoid them)
 

[COLOR="Green"][B][SIZE="5"]G[/SIZE][/B][/COLOR]iven the increasingly aggressive regulatory environment and the constant flux of company legislation, it is difficult for directors to keep abreast of the risks that affect most areas of their company’s operations.

Falling afoul of legal and regulatory regimes is increasingly leading to severe consequences for companies and sometimes even directors individually, through criminal charges and imprisonment, revocation of licences and serious damage to their reputation and brand.

In this environment, directors must adopt a proactive approach to handling these risks at all stages of the regulatory cycle. Here are the key areas of regulatory risk that businesses should ensure are being adequately dealt with:

1. Competition

2. Data protection

3. Copyright infringement

4. Product recall

5. Health and safety

6. Accounts

7. Tax

8. The Financial Services Authority

9. Money laundering

10. Extradition

If anyone needs further explanation regarding the above 10 points let me know.