A VIEW ON LEGAL RISK MANAGEMENT IN UNIVERSITI TEKNOLOGI MARA (UITM)
Keywords:legal risk management principles, legal risk management processes, legal risk management practices, legal risk reports
Risk management is important in Malaysia. It is a policy of the Federal Government. This policy is adopted by all public universities including Universiti Teknologi Mara (UiTM). Risks faced by an organisation could be positive or negative. One important category of risk is the legal risk. Legal risk is important in Malaysia because it practises the rule of law. The rule of law is also applicable to UiTM. Legal risk has its own principles and they are applied in all public universities including UiTM. The university has its structure to manage legal risk. The structure involves the University Strategic Risk Management Council supported by the Risk Management Unit and also the Risk Management Committees of all Responsible Centres in the university. The structure also shows that UiTM is serious in legal risk management to help it achieves its visions and objectives. Based on the above statements, this article explains the basic principles of legal risk management and also legal risk management in the university. Under legal risk management, this article will look at the importance of the legal risk to the university by looking at its substantive and procedural aspects as well as appreciating some views of those involved in legal risk management from the unit.
Ali Mohamed, A.A., Ahmad, M.H. (2021): The Status of Islam and Islamic Law in the Malaysian Federal Constitution. – In Islamic Law in Malaysia, Springer, Singapore 10p.
Al-Kalidi, A.M. (2019): Legal risk management: Control methods applications. – Glasgow Caledonian University, Scotland 78p.
Aven, T. (2016): Risk assessment and risk management: Review of recent advances on their foundation. – European Journal of Operational Research 253(1): 1-13.
Castro, L.M., Gulías, V.M., Abalde, C., París, J. (2008): Database access and patterns in Erlang/OTP. – In Proceedings of 8th Conference on Applied Informatics and Communications 5p.
Coleman, R. (2010): Operational risk. – Wiley Encyclopedia of Operations Research and Management Science 14p.
Dvorsky, J., Belas, J., Gavurova, B., Brabenec, T. (2021): Business risk management in the context of small and medium-sized enterprises. – Economic Research-Ekonomska Istraživanja 34(1): 1690-1708.
Emblemsvåg, J., Kjølstad, L.E. (2002): Strategic risk analysis–A field version. – Management Decision 40(9): 842-852.
Gachie, W. (2017): Project risk management: A review of an institutional project life cycle. – Risk Governance and Control: Financial Markets & Institutions 7(4-1): 163-173.
Luko, S.N. (2013): Risk management terminology. – Quality Engineering 25(3): 292-297.
Moorhead, R., Vaughan, S. (2015): Legal risk: definition, management and ethics. – Management and Ethics 40p.
Renn, O. (1989): Risk analysis: a need to communicate. – Communicating Risks to the Public 37p.
San Tay, P. (2013): Intellectual property law in Malaysia. – Sweet & Maxwell Asia 774p.