A VIEW ON LEGAL RISK MANAGEMENT IN UNIVERSITI TEKNOLOGI MARA (UITM)

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.