Meaning & Definition

compliance

Compliance ensures that the organization adheres to laws, regulations, and standards, including labor laws, health and safety regulations, and ethical standards. Compliance is essential for avoiding legal issues, maintaining reputation, and ensuring fair and safe workplace practices. It involves establishing policies, training employees, monitoring adherence, and addressing non-compliance. Effective compliance management fosters a culture of integrity and accountability, protecting the organization from risks and enhancing stakeholder trust.