Section 11.101 Governance Considerations

Question 1

Regulatory Considerations

Answer 1

Organisations must comply with various regulations, depending on industry and location

Regulations cover areas such as:
● Data Protection
● Privacy
● Environmental Standards
● Labor Laws

Non-compliance leads to penalties, sanctions, and reputational damage

Question 2

Legal Considerations

Answer 2

Complement regulatory considerations, encompassing contract, intellectual property, and corporate law

■ Employment laws address minimum wage, overtime, safety, discrimination, and benefits

■ Litigation risks include breach of contract, product liability, and employment disputes

■ Robust legal strategies and resources are needed to manage legal risks

Question 3

Industry Considerations

Answer 3

Refer to industry-specific standards, practices, and ethical guidelines

■ Not legally binding but influence customer, partner, and regulator expectations

■ Non-adoption may lead to competitive disadvantages and stakeholder criticism

Question 4

Geographical Considerations

Answer 4

Geographical regulations impact organizations at local, regional, national, and global levels

Local considerations include city ordinances, zoning laws, and operational restrictions

■ Regional considerations, like CCPA in California, impose state-level regulations

■ National considerations, e.g., ADA in the US, affect businesses across the entire country

■ Global considerations, like GDPR, apply extraterritorially to organizations dealing with EU citizens’ data

Conflict of laws between jurisdictions is a significant challenge

■ Navigating these differences requires deep legal knowledge and flexibility in governance