JRR SOLUTIONS -The biggest legal risks to your business (and how to avoid them) 

From health and safety rules to the new Companies Act, directors face a tangle of regulations that could have severe consequences for their company and for themselves. Given the increasingly aggressive regulatory environment and the constant flux of company legislation, it is difficult for directors to keep abreast of the risks that affect most areas of their company’s operations.  

Falling afoul of legal and regulatory regimes is increasingly leading to severe consequences for companies and sometimes even directors individually, through criminal charges and imprisonment, revocation of licences and serious damage to their reputation and brand. In this environment, directors must adopt a proactive approach to handling these risks at all stages of the regulatory cycle. Here are the key areas of regulatory risk that businesses should ensure are being adequately dealt with:  

1. Competition 

2. Data protection 

3. Copyright infringement 

4. Product recall 

5. Health and safety 

6. Accounts 

7. Tax 

8. The Financial Services Authority 

9. Money laundering 

10. Extradition