What is Compliance? 

Compliance means adhering to the rules and regulations set by government, organizations or industries to ensure lawful and responsible behavior in business and other activities

Terms Related to Compliance:

Regulatory Compliance: Following industry-specific rules and government regulations.

Corporate Compliance: Ensuring company policies align with legal and ethical standards.

Risk Management: Identifying and mitigating risks related to non-compliance.

Why is it important?

When a corporation maintains high compliance, maintaining integrity and successful strategic planning, it provides basic support for the organization. Without these things, a company runs the risk of severe damage.