Compliance Management refers to the processes and systems that organizations implement to ensure they adhere to laws, regulations, and internal policies. This involves identifying applicable requirements, assessing risks, and establishing controls to mitigate those risks. Effective compliance management helps organizations avoid legal penalties and maintain their reputation. In addition to legal adherence, Compliance Management also encompasses ethical standards and best practices. Organizations often create a culture of compliance by training employees, conducting audits, and continuously monitoring their practices. This proactive approach not only safeguards the organization but also fosters trust among stakeholders.