What Is Compliance

In general, compliance, without any further context, means “the action of complying with a command” or rule, or “the process of meeting rules or standards”.

What is Corporate Compliance?

In the corporate world compliance means “the process of making sure a company and employees follow all laws, regulations and standards that apply to the organization and industry”.

Corporate compliance covers:

• Internal procedures and policies
• National laws and regulations.

Enforcing and ensuring compliance will help your organization stay safe from breaking the law and protect it from getting lawsuits and fines.

A compliance program of a company should be carefully planned and implemented. There should be training programs to make sure employees are aware of all areas of compliance.