ISO 31022:2020
Clause 5: Legal risk management process – ISO 31022:2020

ISO 31022:2020 5.2.3: Internal context of legal risk

What does 5.2.3 require?

The internal context is substantially within the organization's control through its governing and management systems: the nature of the legal entity; financial health and business model; internal legal structure and governing processes and functions; governance and value structures that foster integrity, for example compliance guidelines and a code of conduct; the current state of legal matters and the approach to managing legal risk; awareness campaigns and systems that improve behaviour and deter fraud, such as compliance management systems; past disputes and legal-risk events; owned assets including intellectual property and other legal rights; rights and obligations under contracts; duty-of-care obligations; the way indemnities, warranties and non-reliance clauses can set one another off; liabilities over tax, labour, environmental and similar issues arising in mergers, acquisitions and disposals; the internal legal risk policy; and other legal-risk information and resources.

Maintained by Gerard Blokdyk

Other controls in Clause 5: Legal risk management process – ISO 31022:2020

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