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Legal Risks Risk Management Forum

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Corporate Commercial Legal Risks Management

Legal risk management governance and compliance tips advice and support. Helping business leaders develop an effective legal risk management strategy. Reduce uncertainty impacting on your corporate objectives.

Regular thought leadership reports. Understand key business legal risk trends regulatory and compliance changes. Legal risks could impact on your corporate objectives. Understand your business legal risks better. Develop your own corporate legal risk management plan.

Identify measure and communicate legal and compliance risks

Analyse your exposure to legal risks. Determine how to best handle legal risk  exposure through balanced holistic risk assessment process. Consider the pros and cons of accepting or eliminating risks.

Learn how to manage top legal risks. Legal risks affect small and medium sized businesses. Understand your own personal legal risk. Reduce risk of personal penalties such as bans fines and imprisonment.

Take proportionate action to mitigate legal and non compliant threats

Sometimes existing control measures are acceptable to some business leaders but not for others.

We are not encouraging illegal activity. Appropriate action may not always be a legal decision. A lot will depend on the risk culture of the organisation. What is the tolerance to risk events? Could inaction result in the occurrence of a risk event?

  1. Do you know where you are exposed?
  2. Can you handle the risk?
  3. What is the best course of action if any?

Assess the risks holistically to include business objectives and risk appetite.

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Get latest personal and corporate legal risk news views and reviews

15th December 2018 Johnson & Johnson Knew Talcum Powder Contained Asbestos But Failed To Tell Customers For Over Three Decades

According to the release of an investigation report by news agency Reuters the company new about the asbestos but did not inform its customers.

The investigation also found that the pharmaceutical company had employed a range of tactics to shape research into the problem and protect its Baby Powder brand.

In one case the company commissioned and paid for a study told the researchers their desired results and then hired a ghostwriter to redraft the article presenting the findings.

The investigation centres on documents released by Johnson & Johnson relating to the 11700 plaintiffs claiming that the companys talc caused their cancers.

13th July 2018 Johnson Johnson To Pay Nearly 5 Billion Dollars In Damages To 22 Women Who Alleged Talc Products Caused Them To Develop Ovarian Cancer

A USA court awarded 550m dollars in compensation and added more than four billion dollars in punitive damages. JandJ said it was deeply disappointed and plans to appeal. Legal action was brought by women and their families who said they developed ovarian cancer after using baby powder and other talc products for decades.

Of the 22 women represented in this case six have died from ovarian cancer. Their lawyers alleged the company knew its talc was contaminated with asbestos since the 1970s but failed to warn consumers about the risks.

Talc is a mineral and can sometimes be found in the ground in close proximity to asbestos

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denied that its products ever contained asbestos and insisted that you they do not cause cancer.

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