 |
Generates reports for the
Audit Committee, Board of
Directors and Independent
Directors to facilitate
audit of compliance.
|
 |
Provides effective control
tool for senior managers and
board of directors.
|
 |
Generates awareness of
status of compliance based
on risk.
|
 |
Automates centralised
control of legal compliance
management.
|
 |
Strengthens areas of
weakness in compliances
based on business impact.
|
 |
Provides a central
repository of documents
related to legal
compliances.
|
 |
Enables event based
monitoring of compliance
requirements.
|
 |
Decrease in Fines / Claims / Compensations
|
 |
Decrease in Insurance premiums.
|
 |
Decrease in litigation costs
|
 |
Decrease in cost of managing relations with Authorities.
|
 |
Propensity of closure of unit / operations or revocation of permits leading to property damage, production loss, reconditioning costs reduced.
|
 |
Safeguarding shareholders wealth.
|
 |
Cost of brand value repositioning reduced.
|
 |
Showcase adherence to Corporate Governance norms and meeting corporate social responsibilities
|