Compliance management refers to the systematic approach of ensuring that an organization adheres to relevant laws, regulations, standards, and internal policies governing its operations and practices. This process involves establishing policies and procedures, conducting regular audits and assessments, implementing controls, and taking corrective actions to mitigate risks and ensure legal and ethical conduct across all areas of the business. Effective compliance management helps organizations maintain integrity, uphold reputation, mitigate legal and financial risks, and build trust with stakeholders.