5. Compliance

Society expects ever higher standards of performance from organisations, which is reflected in a growing body of regulations that must be complied with. Every organisation needs a system to identify relevant regulations, codes and standards, assess their impact on the business and ensure they are complied with. Organisations must also ensure they report serious events to the regulator and demonstrate to stakeholders they are in compliance with regulations.

Compliance explained by Selva Subramaniam from DNV GL UK