Okuzeka
Management & Leadership vocabulary · Corporate Governance

Comply or explain

Meaning in management & leadership, with examples

phraseAdvanced term

In management & leadership, comply or explain means: A governance approach in which an organisation follows specified provisions or explains why it has departed from them.

In Turkish: uy ya da açıkla

How it is used

Use for frameworks adopting this approach; it is not a general permission to disregard laws.

Example sentences

  1. Under the code's comply or explain approach, the company described why it used a different arrangement.

    A departure is accompanied by an account of the organisation's reasoning.

  2. Investors asked whether the comply or explain statement actually addressed the relevant provision.

    The quality and relevance of the explanation can be examined.

Common collocations

  • comply or explain approach
  • comply or explain statement
  • complianceFollowing the laws, regulations, internal policies and standards that apply to an organisation; also the name of the department that checks this.
  • 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.

More terms: Corporate Governance

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: