Compliance Plan
/kəmˈplaɪəns plæn/
Definitions
- (n.) A formal document outlining procedures and measures an organization adopts to ensure adherence to laws, regulations, and internal policies.
The company updated its compliance plan to meet new regulatory requirements.
- (n.) A strategic framework used to monitor and enforce ethical standards and legal obligations within a corporation or institution.
The compliance plan helped the firm prevent violations and mitigate risks.
Forms
- compliance plan
- compliance plans
Related terms
See also
Commentary
A compliance plan typically serves as a proactive tool to reduce liability by demonstrating an organization's commitment to legal and ethical standards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.