A Compliance Framework is a structured set of guidelines and practices that organizations use to ensure they adhere to laws, regulations, and internal policies. These frameworks help businesses identify risks, implement controls, and monitor compliance effectively. Common frameworks include those developed by organizations like the International Organization for Standardization (ISO) and the National Institute of Standards and Technology (NIST). By following a compliance framework, organizations can create a culture of accountability and transparency. This not only helps in avoiding legal penalties but also builds trust with stakeholders, including customers and investors. Regular assessments and updates to the framework ensure that it remains relevant in a changing regulatory landscape.