Compliance management refers to the methods and procedures a company uses to ensure that they meet the requirements of laws and standards that apply to their business activities. All businesses and organizations must adhere to rules and legal regulations so that their employees and stakeholders operate safely in their environment. Instead of calling this set of rules laws, it is known as compliance management.
In practice it means ensuring that employees are aware of the legal processes and how to adhere to them. Compliance managers have become a core part of any organization that wants to stay on the right side of the law and operate safely, especially for companies that operate in industries that deal with practices that can affect people’s health. Although having to comply with laws and regulations is not something new, the establishment of dedicated compliance departments in organizations that detect violations and ensure they are corrected is.