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Legal Risk Management ToolkitEFCL2021-06-30T12:32:00-06:00

EFCL Legal Risk Management Toolkit

Legal Reward

The impact of this decision to your organization's financial health, operations or reputation positively.

Insignificant

Meeting legal compliance may result in very minor decrease of public perception .

Minor Impact

Organization is already within legal compliance and no reward is possible.

Moderate impact

Meeting legal compliance may result in very minor increase of public perceptionand reduced liability.

Significant Impact

Meeting legal compliance will result in the increase of public perception and reduced liability.

Financial Reward Points(Required)
Please select the button that best aligns with your opinion.

Financial Reward Likelihood

Likelihood of desired outcome impacting the organization's financial health, operations or reputation positively.

Rare

Change in laws or regulations that will impact the organization is unlikely to happen.

Unexpected

Small or slight possibility of an improvement to the organization's financial health.

Possible

Improvement to the organization's financial health or reputation may be likely.

Certain

Improvement to the organization's financial health or reputation is expected.

Financial Reward Likelihood(Required)
Please select the button that best aligns with your opinion.

Legal Risk

Consequence impacting organization’s finance,operations or reputation negatively .

Insignificant

Little or no legal liability for the organization.

Minor Impact

Potential or slight legal liability. Legal action is still possible, but unlikely.

Moderate Impact

Moderate chance of legal liability for the organization. Precautions should be taken.

Significant Imoact

Legal liability for the organization where board members may be legally responsible. Chance of legal action against members.

FRiskPoints(Required)
Please select the button that best aligns with your opinion.

Legal Risk Likelihood

Likelihood of risk outcome impacting the organization's financial health, operations or reputation .

Rare

Unlikely to happen, may happen only under special circumstances.

Unexpected

Small or slight possibility of an impact to the organization.

Possible

Impact likely to occur some of the time, but not frequently.

Certain

Significant impact from legal risk is going to affect cases negatively.

FRisk Likelihood Points(Required)
Please select the button that best aligns with your opinion.
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Caution

High degree of risk and liability to the organization.

Observe Carefully

This opportunity or event has strong potential for a positive impact on the organization with manageable risk.

Proceed

This event or outcome will likely result in a positive benefit on the organization and appears to be low-risk in nature.

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