Importance of legal compliance in business

Preview of the course

Instructors of this course are:
 

1. Nahid Hossain (Legal and Compliance Director at Novo Nordisk, Bangladesh). ( Linkedin Profile )

 

2. Meherba Sabrin (Lecturer of Law, Northern University) ( Linkedin Profile )

 

 

Why legal compliance is important in business operation?

 

  • Understanding Legal Framework:
    – Provide an overview of the legal landscape relevant to the business, including industry-specific regulations and general legal requirements such as digital security act. 
    – Emphasize the importance of compliance with local, national, and international laws governing business operations.
 
  • Risk Mitigation and Penalties:
    – Outline potential risks and penalties associated with non-compliance.
    – Illustrate real-world examples of legal consequences for businesses that neglect legal requirements, emphasizing the financial and reputational impact.
 
Ethical Business Practices:
 
– Emphasize the connection between legal compliance and ethical business practices.
– Highlight the role of legal standards in promoting transparency, integrity, and responsible corporate behavior
Documentation and Record-Keeping:
– Stress the significance of accurate record-keeping to demonstrate legal compliance.
– Provide guidelines on maintaining essential documents, contracts, and records required for regulatory audits.
 
Free
Free access this course

Course Curriculum

Importance of legal compliance in business

  • Faculty Discussion; Meherba Sabrin
    07:42

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