Industry compliance

Definition

Industry compliance refers to businesses adhering to laws, regulations, and standards set by governing bodies. It ensures that companies operate within legal boundaries and meet specific requirements related to safety, quality control, environmental impact, etc.

Related terms

Regulatory agencies: These are governmental organizations responsible for creating and enforcing rules and regulations that govern various industries.

Enforcement mechanisms: These refer to methods used by governing bodies (such as fines or penalties) to ensure industry compliance with rules and regulations.

Certification programs: These programs provide formal recognition that a business or individual has met specific standards set forth by relevant authorities.