Compliance refers to the process of adhering to established guidelines, laws, regulations, and standards within a given context or organization. It involves ensuring that actions, policies, and procedures align with legal, ethical, and industry-specific requirements. Compliance is crucial in various sectors, including finance, healthcare, environmental management, and corporate governance, to mitigate risks, avoid legal penalties, and maintain integrity. It often involves implementing internal controls, conducting audits, and providing training to ensure that all members of an organization understand and follow relevant regulations and standards. Ultimately, compliance promotes accountability, fosters trust, and contributes to the overall stability and reputation of an organization.
An executive at TV Asahi misused corporate funds, spending 5.17 million yen from 2019 to 2025 on personal dining, highlighting a need for stronger corporate governance. The internal audit revealed…