Refers to the procedures, systems or departments within public agencies or companies that ensure all legal, operational and financial activities are in conformity with current laws, rules, norms, regulations, standards and public expectations.
Why it matters
Corporations must be held responsible for actions of their employees, agents, foreign subsidiaries and for lack of adequate supervision of compliance programmes.
Additional Information: Compliance
- Transparency International, Exporting Corruption: Assessing Enforcement of the OECD Convention on Combating Foreign Bribery (website)