Compliance

Compliance is the ongoing commitment to following rules, laws, regulations, agreements, and ethical standards that apply to a person, organization, or activity. In a business context, it means ensuring that a company operates within the legal frameworks and industry guidelines that govern its operations.

Statutory (regulatory) compliance means adhering to laws set by governments or industry regulators (e.g., tax laws, labor laws).

Business compliance refers to the process by which a company ensures it follows all relevant laws, regulations, contracts, standards, its own policies, codes of conduct, and ethical guidelines that apply to its operations. It’s not just about ticking legal boxes—it’s about protecting your business, building trust, and operating responsibly in a complex world.