Compliance and Governance

Compliance and governance in business ethics refer to the systems and practices that ensure a company operates within legal and ethical boundaries. Compliance involves adhering to laws, regulations, and internal policies, while governance encompasses the frameworks and structures that guide decision-making and accountability within the organization. Together, they promote ethical behavior, reduce risks, and foster trust among stakeholders, including employees, customers, and investors. Effective compliance and governance help businesses maintain their reputation and achieve long-term success by ensuring responsible and transparent operations.