Law-based

Law-based refers to something founded upon, derived from, or adhering to legal principles, rules, and regulations. It signifies a system, process, or action that operates within the framework of established laws. This implies legitimacy, compliance, and a commitment to acting in accordance with legal standards. The term emphasizes the importance of legality, due process, and the upholding of justice. law-based approaches often provide structure and predictability by ensuring activities are conducted with accountability and respect for legal boundaries. Such an approach contrasts with actions taken arbitrarily or without regard for the law.

Law-based meaning with examples

• The company implemented a law-based compliance program to ensure all its operations, from data handling to financial reporting, adhered strictly to current regulations, minimizing legal risks and promoting ethical business practices. The program offered an added layer of security for its employees.
• The legal challenge to the new environmental policy was based on the argument that it was not a law-based policy, thus violating procedural requirements. The court weighed various evidence from expert witnesses to evaluate the validity of the challenge.
• The human rights organization advocates for law-based governance, focusing on establishing and enforcing legal frameworks that protect individual freedoms and prevent discrimination in all sectors, from healthcare to education, upholding justice for all.
• To maintain its reputation, the financial institution pursued a law-based approach to risk management, developing robust internal controls and adopting best practices, preventing fraud and ensuring adherence to securities regulations, ultimately protecting its investors.