Why is compliance so important?
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It is important to follow risk governance and compliance with the relevant legislation as well as by maintaining the standards set by laws. Absence of proper governance risk and compliance according to the law, rules and regulations can affect business, also damage the reputation of the company and clients too.
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Without a doubt, compliance and riskmanagement are closely aligned: Compliancewith established rules and regulations helps protect organizations from a variety of uniquerisks, while risk management helps protect organizations from risks that could lead to non-compliance—a risk, itself.
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