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Management & Leadership vocabulary · Corporate Governance

Compliance

Meaning in management & leadership, with examples

/kəmˈplaɪəns/nounCommon term

In management & leadership, compliance means: Following the laws, regulations, internal policies and standards that apply to an organisation; also the name of the department that checks this.

In Turkish: uyum, mevzuata uyum, uyum birimi

How it is used

Central in banking, healthcare and listed companies. People talk about compliance with a rule, compliance training, compliance checks and the compliance team. Being compliant means meeting the rules.

Example sentences

  1. All managers must complete the annual compliance training by March.

  2. Please check with compliance before you sign the contract.

Common collocations

  • compliance with regulations
  • compliance training
  • compliance team
  • regulatory compliance
  • ensure compliance
  • corporate governanceThe system of rules, practices and controls by which a company is directed and supervised, especially the relationship between the board, the managers and the shareholders.
  • code of conductA written set of rules and principles that explains how the employees and managers of an organisation are expected to behave, for example on honesty, gifts and respect.
  • transparencyThe practice of sharing information openly and honestly, so that employees, shareholders or the public can see how decisions are made and how the organisation is doing.
  • conflict of interestA situation in which a person's private interests, such as money, family or another job, could affect, or seem to affect, the decisions they make for their organisation.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Corporate Governance

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