An Overview of Compliance Management

Abstract

Compliance management seems to supersede all the management functions that an organisation carries out for accomplishment of its objectives. Compliances are basically organizational, legal, social, environmental, ethical and financial standards that aim to protect an organization’s integrity and accountability. Compliance is a high priority issue, failing of which may entail a cost, implicit and/or explicit. A general awareness discussion is attempted here towards compliance and its necessity and benefits including the practical aspects of managing the compliance activities.