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Why is legal risk analysis important?

analysis Legal risk
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Why is legal risk analysis important?

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Legal risk analysis is an important undertaking because there is constant tension between your limited resources and your mandate to responsibly manage the government records. Uncovering and addressing problems can be a burden, but the failure to do so may lead to lawsuits, fines and penalties, and loss of credibility and public confidence. How do you use this tool? The Legal Risk Analysis Tool will guide you through what your legal risks may be with respect to your records management practices and help determine what consequences might arise from the occurrence of those risks. There are four ways to use the tool: • Analyze risks your records and record keeping practices may pose for you • Analyze likely risk scenarios for your particular situation • Analyze what sort of records you have by Minnesota Government Data Practices Act classification • Analyze possible legal consequences for your particular situation At the end of each path, you will find a list of possible consequences, ste

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