Company compliance covers both internal policies and procedures, as well as federal and state laws. Enforcing compliance helps your company prevent and detect violations of rules, which protects your organization from fines and lawsuits.The compliance process should be ongoing. Many organizations establish a program to consistently and accurately govern their compliance policies over time.
What is the purpose of a corporate compliance program?
- The purpose is to protect your business.
- An effective program improves communication between leadership and staff.
- It should include a process for creating, updating, distributing, and tracking compliance policies.
- Maintaining compliance equips your employees to do their jobs well, reach their career goals, and keep customers happy.
- employees can’t be held responsible for rules and regulations they don’t know exists.
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