4 OKR examples for Legal And Compliance Team

What are Legal And 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 And 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 edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale

Building your own Legal And Compliance Team OKRs with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.

Our Legal And Compliance Team OKRs examples

You'll find below a list of Objectives and Key Results templates for Legal And 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!

1. 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
Train employees on compliance requirements and provide ongoing education
Regularly review and update compliance program to ensure adherence to changing standards
Conduct compliance assessment for internal processes and procedures
Develop and implement a compliance program with clear policies and procedures
KRTrain all employees and contractors on compliance policies and protocols
Develop compliance training curriculum and materials
Schedule and deliver training sessions for all employees and contractors
Regularly update and refresh training materials and curriculum
Obtain signed acknowledgments of receipt and understanding from all trainees
KRConduct a thorough audit of all compliance policies and processes
Update and communicate revised policies/processes to all relevant personnel
Address any gaps or weaknesses identified during evaluation
Identify all compliance policies and processes
Evaluate effectiveness of current policies/processes
KRRegularly review and update compliance measures based on industry standards and regulations
Implement necessary updates to comply with regulations
Keep up-to-date with relevant industry standards and regulations
Identify areas for improvement
Evaluate existing compliance measures

Use this OKR

2. 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%
Develop engaging, relevant DEI training material
Schedule mandatory training sessions for all employees
Implement incentives for course completion
KRConduct 3 comprehensive legal compliance training for HR unit by end of quarter
Identify necessary topics for legal compliance training
Implement these trainings to the HR unit
Schedule and plan three comprehensive trainings
KRImplement revised HR policies aligning with Kenya legal framework, with zero discrepancies
Review current HR policies for compliance with Kenya legal framework
Communicate and enforce revised HR policies across the firm
Identify and rectify any discrepancies in the policies

Use this OKR

diversity equity and-inclusion-(dei)legal-compliance hr-compliance-officer dei-program-manager human-resources legal-compliance-team

3. 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
Set up follow-up meetings with interested startups
Send introductory emails to identified startups
Research contact details of potential portfolio startups
KRSecure investment commitments worth $20 million from initial seed investors
Research and identify potential seed investors
Arrange meetings with prospective investors
Craft business proposal highlighting potential returns
KRSet up legal and compliance standards for fund operations
Identify relevant local and international laws for fund operations
Develop a comprehensive compliance framework addressing these laws
Train employees on new legal and compliance standards

Use this OKR

venture-capital-fund startup-portfolio fund-manager compliance-officer investor-relations-team legal-and-compliance-team

4. 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
Define metrics to track compliance
Schedule regular compliance audits
Establish communication protocol for reporting
Design compliance reporting dashboard
KRAchieve 100% compliance with all relevant regulations and standards
Stay up-to-date with changes to regulations and standards
Conduct regular audits to ensure compliance
Provide ongoing training to employees
Implement measures to address non-compliance
KRDevelop and implement an updated compliance training program for all employees
Launch new compliance training program online and in-person
Evaluate effectiveness of updated program through employee feedback and assessments
Conduct a needs assessment to identify compliance training gaps
Create new, engaging training materials for all job functions
KRConduct a full audit of all operations and identify areas of regulatory risk
Identify gaps in compliance procedures and create action plan
Review each operation for compliance risks
Conduct training on regulations and compliance procedures
Evaluate existing controls and their effectiveness

Use this OKR

compliance industry-standards compliance-officer quality-control-manager legal-team operations-team

Legal And 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

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

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 And 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:

It brings the goals back to the top of the mind
It will highlight poorly set OKRs
It will surface execution risks
It improves transparency and accountability

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

Tability's Strategy Map makes it easy to see all your org's OKRs

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 And Compliance Team OKR templates

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