https://www.taxtmi.com/article/detailed?id=17335 ELRM should operate as an enterprise-wide system for identifying, assessing, controlling and monitoring legal, regulatory, contractual, governance and reputational risks. A Legal and Regulatory Universe and Compliance Obligations Register should map applicable requirements, owners, deadlines, evidence, risk ratings and escalation routes. Business functions own compliance under a three-lines model, while Legal and Compliance provide oversight and Internal Audit gives independent assurance. Risk-based controls, incident management, third-party diligence, plant-level accountability, role-specific training, technology-enabled monitoring and Board dashboards support escalation, remediation and continuous improvement. en-us Thu, 03 Sep 2026 08:22:17 +0530 Thu, 03 Sep 2026 08:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17335 ELRM should operate as an enterprise-wide system for identifying, assessing, controlling and monitoring legal, regulatory, contractual, governance and reputational risks. A Legal and Regulatory Universe and Compliance Obligations Register should map applicable requirements, owners, deadlines, evidence, risk ratings and escalation routes. Business functions own compliance under a three-lines model, while Legal and Compliance provide oversight and Internal Audit gives independent assurance. Risk-based controls, incident management, third-party diligence, plant-level accountability, role-specific training, technology-enabled monitoring and Board dashboards support escalation, remediation and continuous improvement. Articles Accounting - Auditing Thu, 03 Sep 2026 08:22:17 +0530 https://www.taxtmi.com/article/detailed?id=17335