Compliance is not just a set of rules to be followed, but rather it’s a culture that needs to be instilled within an organization. Compliance needs to be brought from the fringe to the forefront.
The concept of compliance has undergone significant changes; the number of regulations, fines, penalties, and reporting requirements related to compliance and environmental, social, and governance (ESG) issues have also increased rapidly.
Compliance operations are critical to running a business today, especially with increasing regulations and scrutiny. Organizations must operate within legal and ethical boundaries, mitigate risks, and safeguard their reputations.