What is Compliance Governance?
The term “Compliance Governance” is a misnomer, where it is more accurately called “Compliance Oversight” that refers to the processes in place ensure that an organization adheres to applicable laws, regulations, standards and internal policies. It is an integral part of an organization’s Governance, Risk & Compliance (GRC) function.
Compliance oversight helps organizations avoid legal penalties, reputational damage and operational disruptions by embedding a culture of accountability and ethical conduct.