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Legislative Risk Management ToolkitEFCL2021-06-30T13:13:09-06:00

EFCL Legislative Risk Management Toolkit

Legislative Reward

Positive impact of the change in regulations or legislation towards your organization's operations or mandate.

Insignificant

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

Minor Impact

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

Moderate impact

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

Significant Impact

Changes in regulations or legislation will result in sustained and significant improvement.

Financial Reward Points(Required)
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Legislative Reward Likelihood

Likelihood of the impact from Legislative Reward.

Rare

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

Unexpected

Small or slight possibility of change in regulation or legislation that will improveme the organization.

Possible

Change in regulations or legislation that will impact the organization may be likely.

Certain

Improvement towards the organization from the changes in regualtions or legislation is certain.

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

Legislative Risk

Consequence of change in regulations or legislation impacting organization’s operations or mandate.

Insignificant

Change in legislation would have little or no impact on the organization.

Minor Impact

Change in legislation would have the potential for slight impact on the organization.

Moderate Impact

Change in legislation would lead to moderate disruption of operations or negative publicity.

Significant Impact

Change in legislation would interrupt operations for a lengthy period and alter the organization's mandate.

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

Legislative Risk Likelihood

Likelihood of the impact from Legislative Risk.

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 Legislative Risk is going to affect majority of the cases.

FRisk Likelihood Points(Required)
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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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