Description ::

This portion of the process model concerns assessment of relevant laws and regulations and standards (industry, national and international). Legal compliance is a must for all businesses and a core principle of social responsibility. Standards constitute best practices and serve as guiding framework for organizations but since a plethora of standards exists – a preliminary assessment is needed to ascertain and prioritize applicable standards.

Objectives ::

To identify and perform preliminary assessment of all applicable laws and regulations. To identify and perform preliminary assessment of various applicable industry, national and international standards. To prioritize applicable laws and regulations and standards.

Methodology ::

Template 1.1.4.1