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6 OKR examples for Legal Compliance Team

What are Legal Compliance Team OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Legal Compliance Team to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

How to write your own Legal Compliance Team OKRs

Option 1. Turn ideas into OKRs with Tability AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here.

You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.

Tability will then use your prompt to generate a fully editable OKR template.

Watch the video below to see it in action 👇

Option 2. Optimise existing OKRs with Tability Feedback tool

If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.

AI feedback for OKRs in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.

You can then decide to accept the suggestions or dismiss them if you don't agree.

Option 3. Use the free OKR generator

If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.

Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.

Legal Compliance Team OKRs examples

You'll find below a list of Objectives and Key Results templates for Legal Compliance Team. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to achieve full adherence to all regulatory compliance standards

  • ObjectiveAchieve full adherence to all regulatory compliance standards
  • KRCorrect or address at least 95% of identified non-compliant elements
  • TaskImplement compliant alternatives or fixes for identified issues
  • TaskPrioritize non-compliance issues based on severity
  • TaskIdentify all non-compliant elements within the system
  • KRPass an external audit with a minimum score of 90% compliance
  • TaskConduct internal audits to ensure compliance
  • TaskImplement necessary changes to meet compliance standards
  • TaskReview and understand all compliance guidelines thoroughly
  • KRImplement a comprehensive training program for all employees on regulatory compliance
  • TaskSchedule and implement mandatory training sessions for all employees
  • TaskDetermine necessary regulatory compliance topics for training
  • TaskSource or create compliance training materials and resources

OKRs to identify and address all existing compliance gaps

  • ObjectiveEnsure complete compliance across all areas of operation
  • KRImplement necessary changes to meet compliance requirements and standards
  • TaskTrain employees on compliance requirements and provide ongoing education
  • TaskRegularly review and update compliance program to ensure adherence to changing standards
  • TaskConduct compliance assessment for internal processes and procedures
  • TaskDevelop and implement a compliance program with clear policies and procedures
  • KRTrain all employees and contractors on compliance policies and protocols
  • TaskDevelop compliance training curriculum and materials
  • TaskSchedule and deliver training sessions for all employees and contractors
  • TaskRegularly update and refresh training materials and curriculum
  • TaskObtain signed acknowledgments of receipt and understanding from all trainees
  • KRConduct a thorough audit of all compliance policies and processes
  • TaskUpdate and communicate revised policies/processes to all relevant personnel
  • TaskAddress any gaps or weaknesses identified during evaluation
  • TaskIdentify all compliance policies and processes
  • TaskEvaluate effectiveness of current policies/processes
  • KRRegularly review and update compliance measures based on industry standards and regulations
  • TaskImplement necessary updates to comply with regulations
  • TaskKeep up-to-date with relevant industry standards and regulations
  • TaskIdentify areas for improvement
  • TaskEvaluate existing compliance measures

OKRs to achieve a flawless state contract compliance audit

  • ObjectiveAchieve a flawless state contract compliance audit
  • KRAttain 100% completion of compliance training for all team members
  • TaskAssign compliance training to all team members
  • TaskMonitor progress and follow up
  • TaskSend reminders to complete the training
  • KRDemonstrate complete adherence to stipulated protocols in all contract documentation
  • TaskReview all contracts for compliance with specified protocols
  • TaskImplement checks for protocol adherence in contract creation
  • TaskAttend training to understand protocol requirements
  • KRImplement biweekly audit preparation meetings for 100% staff participation
  • TaskCommunicate meeting schedule and expectations to all staff members
  • TaskDefine agenda and frequency for biweekly audit preparation meetings
  • TaskMonitor attendance and actively encourage 100% participation

OKRs to strengthen HR compliance and DEI program adherence in Kenya

  • ObjectiveStrengthen HR compliance and DEI program adherence in Kenya
  • KRIncrease percentage of employees completing DEI training by 20%
  • TaskDevelop engaging, relevant DEI training material
  • TaskSchedule mandatory training sessions for all employees
  • TaskImplement incentives for course completion
  • KRConduct 3 comprehensive legal compliance training for HR unit by end of quarter
  • TaskIdentify necessary topics for legal compliance training
  • TaskImplement these trainings to the HR unit
  • TaskSchedule and plan three comprehensive trainings
  • KRImplement revised HR policies aligning with Kenya legal framework, with zero discrepancies
  • TaskReview current HR policies for compliance with Kenya legal framework
  • TaskCommunicate and enforce revised HR policies across the firm
  • TaskIdentify and rectify any discrepancies in the policies

OKRs to successfully launch a venture capital fund

  • ObjectiveSuccessfully launch a venture capital fund
  • KRIdentify and establish connections with at least 50 potential portfolio startups
  • TaskSet up follow-up meetings with interested startups
  • TaskSend introductory emails to identified startups
  • TaskResearch contact details of potential portfolio startups
  • KRSecure investment commitments worth $20 million from initial seed investors
  • TaskResearch and identify potential seed investors
  • TaskArrange meetings with prospective investors
  • TaskCraft business proposal highlighting potential returns
  • KRSet up legal and compliance standards for fund operations
  • TaskIdentify relevant local and international laws for fund operations
  • TaskDevelop a comprehensive compliance framework addressing these laws
  • TaskTrain employees on new legal and compliance standards

OKRs to achieve 100% compliance with relevant industry regulations and standards

  • ObjectiveEnsure regulatory compliance in all operations
  • KREstablish a system for continuous monitoring and reporting of compliance status
  • TaskDefine metrics to track compliance
  • TaskSchedule regular compliance audits
  • TaskEstablish communication protocol for reporting
  • TaskDesign compliance reporting dashboard
  • KRAchieve 100% compliance with all relevant regulations and standards
  • TaskStay up-to-date with changes to regulations and standards
  • TaskConduct regular audits to ensure compliance
  • TaskProvide ongoing training to employees
  • TaskImplement measures to address non-compliance
  • KRDevelop and implement an updated compliance training program for all employees
  • TaskLaunch new compliance training program online and in-person
  • TaskEvaluate effectiveness of updated program through employee feedback and assessments
  • TaskConduct a needs assessment to identify compliance training gaps
  • TaskCreate new, engaging training materials for all job functions
  • KRConduct a full audit of all operations and identify areas of regulatory risk
  • TaskIdentify gaps in compliance procedures and create action plan
  • TaskReview each operation for compliance risks
  • TaskConduct training on regulations and compliance procedures
  • TaskEvaluate existing controls and their effectiveness

Legal Compliance Team OKR best practices

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide 👇

Tip #1: Limit the number of key results

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tip #2: Commit to weekly OKR check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

Being able to see trends for your key results will also keep yourself honest.

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

How to track your Legal Compliance Team OKRs

Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

More Legal Compliance Team OKR templates

We have more templates to help you draft your team goals and OKRs.

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