Compliance management is the ongoing process of monitoring and assessing systems to ensure they comply with industry laws and the laws/rules/regulation of the government applicable to the Company, as well as corporate and regulatory policies and requirements.
that your organization’s policies and procedures align with a specific set of rules and the employees follows the policies and procedures to ensure compliance with the set of rules.
These rules are based on legal, regulatory, and industry standards. The goal of the compliance management program is to reduce an organization’s overall risk of non-compliance with the legal, regulatory, and industry standards that apply to the business. Effective corporate compliance management covers internal policies and rules and Central and State Laws.
Compliance management can include policies, procedures, internal auditing, audits by independent third parties, security controls, documentation, and technological enforcement.
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