Statutory requirements are legal obligations set by laws or regulations that individuals and organizations must follow. These requirements can vary by jurisdiction and often pertain to areas such as business operations, environmental protection, and employee rights. Failure to comply with statutory requirements can result in penalties, fines, or legal action. Governments create statutory requirements to ensure public safety, promote fairness, and protect the environment. For example, the Occupational Safety and Health Administration (OSHA) establishes safety standards that employers must meet to protect their workers. Understanding and adhering to these requirements is essential for legal compliance and responsible operation.