4 OKR examples for Legal Compliance

What are Legal Compliance OKRs?

The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.

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 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.

Our Legal Compliance OKRs examples

You'll find below a list of Objectives and Key Results templates for Legal Compliance. 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 identify and address all existing compliance gaps

  • ObjectiveEnsure complete compliance across all areas of operation
  • Key ResultImplement 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
  • Key ResultTrain 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
  • Key ResultConduct 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
  • Key ResultRegularly 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 compliance with industry standards and regulations

  • ObjectiveAttain regulatory compliance with industry standards
  • Key ResultPass all required audits with no major findings or violations
  • Key ResultAchieve 100% compliance with all applicable regulations and standards
  • Key ResultImplement and maintain a comprehensive compliance monitoring program
  • Key ResultTrain 100% of staff on updated compliance policies and procedures

OKRs to successfully launch a venture capital fund

  • ObjectiveSuccessfully launch a venture capital fund
  • Key ResultIdentify 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
  • Key ResultSecure 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
  • Key ResultSet 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
  • Key ResultEstablish 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
  • Key ResultAchieve 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
  • Key ResultDevelop 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
  • Key ResultConduct 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

Best practices for managing your Legal Compliance OKRs

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 πŸ‘‡

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.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly 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.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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.

Building your own Legal Compliance OKRs with AI

While we have some examples above, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Best way to track your Legal Compliance OKRs

The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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.

A strategy map in TabilityTability'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 Compliance OKR templates

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

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

Create more examples in our app

You can use Tability to create OKRs with AI – and keep yourself accountable πŸ‘€

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