Compliance means following the rules or guidelines set by laws, regulations, company policies, procedures, standards, or best practices.
- a business follows external regulations required by law
- the business must have its own internal policies and procedures that employees are expected to follow
- the business must make sure employees follow these rules during their daily work
Who or What Compliance Applies To
Compliance generally applies to:
- Employee compliance and workplace policies
- Safety and proper use of tools and equipment
- Workplace standards and regulations
Key Compliance Areas for Small and Medium Businesses
- Workplace Health and Safety (OSHA)
- Regulatory Compliance
- Environmental Regulations
- Quality Control
- Data and Physical Security
- Anti-Bribery and Corruption
- Supply Chain Management
- Vendor Compliance
- Data Privacy
- Corporate Social Responsibility