A legal risk management plan must be continually reviewed, reassessed, and revised.

Question

Quizplus · Accepted Answer

A legal risk management plan is not set in stone and must be constantly updated to ensure its effectiveness in managing legal risks. Reviewing, reassessing, and revising the plan identify any new risks that may have emerged or potentially existing risks that may have been overlooked during the initial risk assessment. This process allows for the continued improvement of the plan's ability to manage legal risks within an organization.

A Legal Risk Management Plan Must Be Continually Reviewed, Reassessed