LEGAL COMPLIANCE
Failure to tackle the Millennium threat has profound, legal implications:
- Dereliction of duty by the Board of Management.
- Auditing qualification.
- Insurance status.
- Criminal liability re. safety standards.
- Legal liability re. data protection.
- Responsibility to shareholders.
- Contractual responsibility to employees and clients.
- Statutory compliance and certification.
- Jeopardy of acquisitions, take-overs and divestitures.
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