While regulators maintains that their intentions are not to increase levels of enforcement but to encourage improved risk awareness, the actions on ground are contradictory. One of the most challenging methods employed by regulators is the use of personal attestations, which is seen as a good way to get Key Management Personnel’s (KMP) attention.
With increased KMP’s liabilities, all eyes are on CRO’s who on other hand have to juggle with many operational challenges while keeping the risks at bay.
Increasing Risks &
Segregation of Roles
Fragmented and inadequate reporting
Lawrbit Global Compliance Management Software integrates Regulatory Intelligence & Legal Technology with support from 100s of Legal Partners globally
The application helps businesses create a centralised monitoring framework and an integrated approach to proactively manage Regulatory Risks across an extensive range of compliance obligations from all laws applicable on business; enabling businesses to efficiently manage cross geography, functional and industry mandates. It brings all stakeholders involved including CXOs, Board, Functional heads, Compliance owners and Auditors on same page in terms of understanding of regulatory obligations and handle them more confidently; all through a Single integrated application.
Lawrbit delivery model for Compliance Monitoring stands primarily on 3 pillars:
Head – Legal & Compliance, Maersk GSC – India, China & Philippines
We spent almost 1 year evaluating every possible option available, including Big 4s; found Lawrbit’s delivery model & technology most compelling. They have gone in every detail around compliance nuances. We signed up during Covid period my worries doubled, but their implementation team (Global & Indian) did phenomenal job & went live within set timelines. Our teams across India, China & Philippines are happy with roll out and support provided during & post Go-Live